JetBlue Airways is an American low-cost airline headquartered in New York City. Its main base is...

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JetBlue Airways is an American low-cost airline headquartered in New York City. Its main base is...

JetBlue Airways is an American low-cost airline headquartered in New York City. Its main base is John F. Kennedy International Airport. JetBlue's revenue in 2002 was $777.5 million. By 2013, revenue had increased to $3,719.0 million

What was the geometric mean annual increase for the period?

business economics

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Answer 1

Answer #1

Rate of Increase Over Time(GM) = (3719/777.5)^(1/11)-1 = 1.1529 = 0.1529

Thus we can say the rate of increase is 15.29%

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Answer 2

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