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Consider the following annual progression of number of in-person customers of a store during January through the COVID years. Year Customers   Growth rate 2019 576   2020 550   2021 100   2022 150   2023 600   2024 580   Find the “average” rate of growth of customers.  What type of average would you use, so that if the growth were steady at that rate, you would end up with 580 customers in 2024?  Also fill the blank spaces (except the top one) in the table with the appropriate growth rate (negative ok).

Consider the following annual progression of number of in-person customers of a store during January through the COVID years. Year Customers   Growth rate 2019 576   2020 550   2021 100   2022 150   2023 600   2024 580   Find the “average” rate of growth of customers.  What type of average would you use, so that if the growth were steady at that rate, you would end up with 580 customers in 2024?  Also fill the blank spaces (except the top one) in the table with the appropriate growth rate (negative ok).

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Consider the following annual progression of number of in-person customers of a store during January through the COVID years.

Year

Customers

 

Growth rate

2019

576

 

2020

550

 

2021

100

 

2022

150

 

2023

600

 

2024

580

 

Find the “average” rate of growth of customers.  What type of average would you use, so that if the growth were steady at that rate, you would end up with 580 customers in 2024?  Also fill the blank spaces (except the top one) in the table with the appropriate growth rate (negative ok).

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