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Author Question: Suppose that a firm's sales were 2,500,000 four years ago, and sales have grown annually by 25, 15, ... (Read 88 times)

SGallaher96

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on: Aug 1, 2018
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?

Question 2

____________________ is a graphical procedure to make inferences about the process from which a sample was taken.
 Fill in the blank(s) with correct word


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firehawk60

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Reply #1 on: Aug 1, 2018
Answer to Question 1

If Rg is the geometric mean, then
(1 + Rg)4 = (1 + 0.25)(1 + 0.15)(1 - 0.05)(1 + 0.10) = 1.5022  Rg = 0.1071 or 10.71

Answer to Question 2

Statistical process control


SGallaher96

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Reply #2 on: Aug 1, 2018
Thank you!


firehawk60

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Reply #3 on: Aug 1, 2018
Always glad to help...


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