Answer:
The geometric mean growth rate of sales is 1.4422.
Step-by-step explanation:
We have two sales values, one from 6 years ago and the other from now.
We have to calculate the geometric growth rate of sales.
We have:

We can write the relation between these two values as:

The geometric mean growth rate of sales is 1.4422.
Answer:
The amount needed as a one-time deposit to earn $7,500 in 3 years is <em>$4388.17</em>
Step-by-step explanation:
<u>Basic Finance Formulas
</u>
One of the most-used formulas to compute present and future values is

Where FV is the future value, PV is the present value, r is the interest rate and n is the number of periods. It's vital to keep in mind that r and n must be referred to the same compounded time, e.g. r is compounded monthly and n is expressed in months
The question requires to compute the PV needed as a one-time deposit to earn a future value of $7,500 in 3 years at a 1.5% rate compounded monthly.
FV=7,500
r=1.5%=0.015
n=3*12=36 months
We converted n to months because r is compounded monthly
. The formula

must be managed to make PV isolated



Answer: The amount needed as a one-time deposit to earn $7,500 in 3 years is $4388.17
Answer:
Step-by-step explanation:
a )
sample mean = sum total of given data / no of data
= 415.35 / 20 = 20.76
To calculate the median we arrange the data in ascending order and take the average of 10 th and 11 th term .
= 20.50 + 20.72 / 2
= 20.61
b ) To calculate the 10% trimmed mean , we neglect the largest 10% and smallest 10 % data and then calculate the mean . Here we neglect the first two smallest and last two greatest
(18.92 + 19.25 ..... + 22.43 + 22.85) / 16
= 20.74
c )
We can easily plot the data on number line from 17 to 24
d )
Maximum value of data set = 23.71 and minimum value is 18.04
mean is 20.76 , median is 20.61 and trimmed mean is 20.74
They are between maximum and minimum values of given data . Hence there is no outliers .
The answer is (-x^2 - 3x +28)