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Year Advert. Expenditure Sales Growth rate of Ad. Expenditure Growth rate of Sales (x, 000) (y, 000) 2010 19 84 2011 22 108 18% 29%
Year | Advert. Expenditure | Sales | Growth rate of Ad. Expenditure | Growth rate of Sales |
(x, 000) | (y, 000) | |||
2010 | 19 | 84 | ||
2011 | 22 | 108 | 18% | 29% |
2012 | 32 | 82 | 46% | -24% |
2013 | 42 | 86 | 32% | 6% |
2014 | 47 | 84 | 11% | -3% |
2015 | 46 | 94 | -2% | 11% |
2016 | 58 | 103 | 27% | 10% |
2017 | 63 | 115 | 8% | 12% |
2018 | 70 | 106 | 11% | -8% |
2019 | 80 | 142 | 15% | 34% |
Total | 478 | 1003 |
- How much is the average of growth rate of Ad. Expenditure and growth rate of sales, respectively? Show your workings and explain your choice of mean used.
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