Question

number 11

Question Help * The geometric mean is often used in business and economics for finding average rates of change, average rates of growth, or average ratios. Given n values (all of which are positive), the geometric mean is the nth root of their product. The average growth factor for money compounded at annual interest rates o 1 1.3%, 4.8% and 1.9% can be found by o mou g the geometric mean of 1.113. 1.048 and 1.019. Find that average rowth acto or geometric mean what sing ercentage growth ate would be he same as having three successive growth rates of 11.3%, 4.8%, and 1.9%? Is that result the same as the mean of 11.3%, 4.8%, and 1.9%? The average growth factor is Round to four decimal places as needed.) The single percentage growth rate that would be the same as having three successive ro wth rates o 11.3%, 4.8%, and 1.9% s Round to two decimal places as needed.) %.

Answer 1