Question: Problem Set05-1.hwp [C:WUsers Wow H) 65% 1 ... 10 12 ... 12 13 14 16 17 CHAPTER 5 PROBLEM SET In a growing midwestern town,

Problem Set05-1.hwp [C:WUsers Wow H) 65% 1 ... 10 12 ... 12 13 14 16 17 CHAPTER 5 PROBLEM SET In a growing midwestern town, the number of eating establishments at the end of each of the last five years are as follows: Year 1 = 143; Year 2 = 149, Year 3 = 162,Yeer 4 = 171 Year 5 = 178 1 From the end of yeer 1 to the end of yeer 5 the number of eating establishments grew at a rate of compounded annually, A) 4.2% B) 4.7% C) 5,6% D) 8.7% E) 9,3% I 2 IF, over the next five years eating establishments are expected to erow at the same rate as they did during year 5, forecast the number of eating establishments at the end of year 10 A) 217 B) 219 221 D 223 225 a I the number of eating establishments are expected to grow in year 6 at the same rate as the percentage increase in year 5 how many new estins establishments will be added in year 6? A) 5 B) 6 7 D) 8 E 9
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