# Suppose that a company's sales were $5,000,000 three years ago. Since that time sales have grown at annual rates of 10 percent, - 10 percent, and 25 percent. a. Find the geometric mean growth rate of sales over this three-year

Suppose that a company's sales were $5,000,000 three years ago. Since that time sales have grown at annual rates of 10 percent, - 10 percent, and 25 percent.

a. Find the geometric mean growth rate of sales over this three-year period.

b. Find the ending value of sales after this three-year period.

a. Find the geometric mean growth rate of sales over this three-year period.

b. Find the ending value of sales after this three-year period.

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**Related Book For**

## Business Statistics In Practice

**ISBN:** 9780073401836

6th Edition

**Authors:** Bruce Bowerman, Richard O'Connell

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