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13th Edition

Anderson

Publisher: CENGAGE L

ISBN: 9781305881884

Chapter 3.1, Problem 4E

Textbook Problem

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Consider the following data.

Period |
Rate of Return (%) |

1 | −6.0 |

2 | −8.0 |

3 | −4.0 |

4 | 2.0 |

5 | 5.4 |

What is the mean growth rate over these five periods?

To determine

Find the mean growth rate over the five periods.

**Calculation:**

The given information is that the data represents the rate of return for five periods.

The geometric mean is often used for finding the mean growth rate.

The mean growth factor over the five periods is,

The growth factors can be obtained as follows:

STATISTICS F/BUSINESS+ECONOMICS-TEXT

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