Home Depot and Lowe's are the two largest home improvement retailers in the U.S. The following table
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Home Depot and Lowe's are the two largest home improvement retailers in the U.S. The following table shows the total revenue (in billions) for each retailer for the years 2008-2010.
Source: Annual Reports of Home Depot, Inc., and Lowe's Companies Inc.
Year Home Depot Lowe's
2008.....................$77.35............................$48.28
2009.......................71.29..............................48.23
2010.......................66.18..............................47.22
a. Calculate the growth rate for 2008-2009 and 2009-2010 for each retailer.
b. Calculate the average growth rate for each retailer.
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Related Book For
Business Statistics Communicating With Numbers
ISBN: 9780078020551
2nd Edition
Authors: Sanjiv Jaggia, Alison Kelly
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