Problem Sets Total Questions 1 4 12 29 Course: University of North Texas MKTG 3700 Marketing Metrics, Spring 2024 Section 001 (Nguyen), 007 (Ganesh), and 501 (Ganesh) Module: Growth Rates / Problem Set ID: 82 Natalie's Nail Salon has 2 locations: Natalie's Downtown, and Natalie's By-the-Beach. The two salons combined performed 349 pedicures in the first quarter of 2011, and 400 pedicures in the second quarter. Pedicures cost $9.60 at both locations. Natalie notices that in Q1, 39% of pedicures are performed at By-the-Beach but in Q2, 55% of the total were performed there. Natalie's sales goals for Quarter 3 are 3.6% growth in each location compared to Quarter 2. Natalie is considering raising pedicures prices to $11.80 at both locations in Q3 to increase revenue. SUBMIT ANSWER EXIT Assuming growth was constant in Q2, what was the effective monthly growth rate at By-the-Beach during the quarter? TUTORIAL 0.0% monthly % PS2 .1 2 3 4 5 6 7 8 CALCULATED VARIABLES: btbgr = 0.616 (61.6%) revgrowth = $490 annualgr = 0.725 (72.5%) q2gr = 0.146 (14.6%)