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%
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%
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Question
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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