Calculate the geometric mean for the following sets of data. Express the final answer rounded to two
Question:
Calculate the geometric mean for the following sets of data. Express the final answer rounded to two decimal places.
a. 4, 36
b. 2, 4, 8
c. 1.10, 1.16, 1.13, 1.18 Bianca invested $10,000 for four years. If the growth rate for each year was 3%, 5%, 6%, and 9%, calculate the average annual growth rate using the geometric mean. Mehar invested $12,800 for three years. If the growth rate for each year was 5%, 6%, and 8%, calculate the average annual growth rate using the geometric mean.
AppendixLO1
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Related Book For
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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