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Suppose That a Firm's Sales Were $2,500,000 Four Years Ago,and

Question 54

Essay

Suppose that a firm's sales were $2,500,000 four years ago,and sales have grown annually by 25%,
15%,−5%,and 10% since that time.What was the geometric mean growth rate in sales over the past
four years?

Correct Answer:

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If Rg is the geometric mean,the...

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