Question
The number of widgets (in thousands) sold over the sales quarters at the turn of the century showed to be: Q1 - 2010 - 2.0
The number of widgets (in thousands) sold over the sales quarters at the turn of the century showed to be:
Q1 - 2010 - 2.0
Q2 - 2010 - 2.4
Q3 - 2010 - 4.2
Q4 - 2010 - 7.8
Q1 - 2011 - 14.0
1. Calculate the geometric mean growth rate by quarter
2. Given the geometric mean growth rate, what would you expect (e.g. would have forecasted) Q2 2011 to be?
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Understanding Basic Statistics
Authors: Charles Henry Brase, Corrinne Pellillo Brase
6th Edition
978-1133525097, 1133525091, 1111827028, 978-1133110316, 1133110312, 978-1111827021
