Question Details

(solution) The annual rates of growth of output of a factory in 5 years are


The annual rates of growth of output of a factory in 5 years are 5.0, 7.5, 2.5, 5.0, and 10.0 respectively. What is the compound rate of growth of output per annum for the period?


In average ratios and percentages, geometric mean is more appropriate. Applying

 

geometric mean here;

 

Annual

 

Output relatives Log X

 

rate

 

at the

 

of

 

end of the year

 

growth

 

(X)

 

5.0

 

105

 

2.0212

 

7.5...

 


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Sep 13, 2020

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