The following table shows the revenues (in $ millions) for Firm 1 and Firm 2 over the
Question:
The following table shows the revenues (in $ millions) for Firm 1 and Firm 2 over the past three years.
a. Calculate the average growth rate for each firm.
b. Which firm had the higher growth rate over this period?
Transcribed Image Text:
Year 1 2 3 Firm 1 15.73 14.53 14.20 Firm 2 3.06 2.99 2.99
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Related Book For
Business Statistics Communicating With Numbers
ISBN: 9781260716306
4th Edition
Authors: Sanjiv Jaggia, Alison Kelly
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