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Growth rates Shalit Corporation's 2011 sales were $6 million. Its 2006 sales were $3 million. At what rate have sales been growing? Round your answer
Growth rates
Shalit Corporation's 2011 sales were $6 million. Its 2006 sales were $3 million.
- At what rate have sales been growing? Round your answer to two decimal places.%
- Suppose someone made this statement: "Sales doubled in 5 years. This represents a growth of 100% in 5 years, so, dividing 100% by 5, we find the growth rate to be 20% per year." Is that statement correct?
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Forecasting Methods And Applications
Authors: Spyros G. Makridakis, Steven C. Wheelwright, Rob J Hyndman
3rd Edition
0471532339, 9780471532330
