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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.

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Business Statistics In Practice

Business Statistics In Practice

ISBN: 9780073401836

6th Edition

Authors: Bruce Bowerman, Richard O'Connell

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Posted Date: March 14, 2016 05:09:24
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