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3. The sales data in the table below is for Vestas Wind Systems and is in millions of euros. Calculate the simple or arithmetic average
3. The sales data in the table below is for Vestas Wind Systems and is in millions of euros. Calculate the simple or arithmetic average growth rate for sales between 2010 and 2021.
Year | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
Revenue | 15,587 | 14,819 | 12,147 | 10,134 | 9,953 | 10,237 | 8,423 | 6,910 | 6,084 | 7,216 | 5,836 | 6,920 |
a. 20.48% b. 11.53% c. 8.67% d. 3.42% e. 2.52%
4. Calculate the compound or geometric average growth rate for sales for the period from 2010 and 2021.
a. 11.53% b. 13.87% c. 9.42% d. 8.67% e. 7.66%
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