Question

Annual revenue for Corning Supplies grew by 5.5% in 2007; 1.1% in 2008; -3.5% in 2009; -1.1% in 2010; and 1.8% in 2011. What is the mean growth annual rate over this period? Round your answer to four decimal places

Answer 1

Answer:

The mean growth annual rate over this period is 0.0036

Step-by-step explanation:

we know that

The mean growth annual rate is calculated as the sum of each year's growth rate divided by the number of years

$\frac{5.5\%+1.1\%-3.5\%-1.1\%+1.8\%}{5}=0.36\%$

Convert to decimal form

$0.36\%=0.36/100=0.0036$

therefore

The mean growth annual rate over this period is 0.0036

Answer 2

The mean growth annual rate over this period is 0.0036.

Given that,

Annual growth rate of Corning Supplies grew by  5.5% in 2007;  1.1% in 2008; -3.5% in 2009;  -1.1% in 2010;  and 1.8% in 2011.

We have to find,

The mean growth annual rate over this period.

According to the question,

Annual growth rate (AGR) is the change in the value of a measurement over the period of a year.

The mean growth annual rate is calculated as the sum of each year's growth rate divided by the number of years.

Where sum of each year growth rate = 5.5 + 1.1 - 3.5 - 1.1 + 1.8  = 3.8%

And total no. of years = 5

Then ,

The mean growth annual rate over this period =  $\frac{3.8}{5}$

The mean growth annual rate over this period = 0.76%

Convert to decimal form

= 0.76% = 0.0076

Hence, The mean growth annual rate over this period is 0.0036.

For the more information about Mean growth rate link the link given below.

https://brainly.com/question/24368744