"he Investment Research Institute reported in its Mutual Fund Fact Book that the number of mutual funds increased from 5,810 in 999 to 8,001 in 2009. What is the geometric mean annual percent increase in the number of funds? Multiple Choice 1.033

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.6: Percent Applications
Problem 8E
icon
Related questions
Topic Video
Question
The Investment Research Institute reported in its Mutual Fund Fact Book that the number of mutual funds increased from 5,810 in
1999 to 8,001 in 2009. What is the geometric mean annual percent increase in the number of funds?
Multiple Choice
1.033
609.5
68.47
38.02
Transcribed Image Text:The Investment Research Institute reported in its Mutual Fund Fact Book that the number of mutual funds increased from 5,810 in 1999 to 8,001 in 2009. What is the geometric mean annual percent increase in the number of funds? Multiple Choice 1.033 609.5 68.47 38.02
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Hypothesis Tests and Confidence Intervals for Means
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt