3. The sales data in the table below is for Vestas Wind Systems and is in millions of euros.  Calculate the simple or arithmetic average growth rate for sales between 2010 and 2021.   Year 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 Revenue 15,587 14,819 12,147 10,134 9,953 10,237 8,423 6,910 6,084 7,216 5,836 6,920   a. 20.48% b. 11.53% c. 8.67% d. 3.42% e. 2.52%   4. Calculate the compound or geometric average growth rate for sales for the period from 2010 and 2021.   a. 11.53% b. 13.87% c. 9.42% d. 8.67% e. 7.66%

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3. The sales data in the table below is for Vestas Wind Systems and is in millions of euros.  Calculate the simple or arithmetic average growth rate for sales between 2010 and 2021.

 

Year

2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

Revenue

15,587

14,819

12,147

10,134

9,953

10,237

8,423

6,910

6,084

7,216

5,836

6,920

 

a. 20.48% b. 11.53% c. 8.67% d. 3.42% e. 2.52%

 

4. Calculate the compound or geometric average growth rate for sales for the period from 2010 and 2021.

 

a. 11.53% b. 13.87% c. 9.42% d. 8.67% e. 7.66%

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