Annual revenue for Corning Supplies grew by 5.5% in 2014; 1.1% in 2015; –3.5% in 2016; –1.1% in 2017; and 1.8% in 2018. What is the mean growth annual rate over this period? Round your answer to four decimal places. Do not round intermediate calculations.

Annual revenue for Corning Supplies grew by 5.5% in 2014; 1.1% in 2015; –3.5% in 2016; –1.1% in 2017; and 1.8% in 2018. What is the mean growth annual rate over this period? Round your answer to four decimal places. Do not round intermediate calculations.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Annual revenue for Corning Supplies grew by 5.5% in 2014; 1.1% in 2015; -3.5% in 2016; –1.1% in 2017; and 1.8% in 2018.
What is the mean growth annual rate over this period? Round your answer to four decimal places. Do not round intermediate calculations.

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