Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Finance And Public Policy

Authors: Arye L. Hillman

2nd Edition

0521738059, 978-0521738057

More Books

Students also viewed these Finance questions

Question

Explain the components of the ITU's FCAPS framework.

Answered: 1 week ago