Please use Geometric Mean to solve questions 1 and 2. Thanks Question1: The Population of Saint Martin’s Island changed by the following percentages each year for the last decade (“+” means to...

Please use Geometric Mean to solve questions 1 and 2. Thanks

Question1:

The Population of Saint Martin’s Island changed by the following percentages each year for the last decade (“+” means to increase, “-” means decrease):

Year:



2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Change: +2% +3% -1% +5% +7% +5% +2% -1% +2% +3%

What is the average population growth per year for the last decade?

*Hint: x% change of a value n = (1+x100)*n

Question2:

The price of the Toyota Camry has fluctuated over the last few years. Given below is the change in value for each year. (“+” means to increase, “-” means decrease.)

Year:
2012 2013 2014 2015 2016 2017 2018 2019





Change:
+6% +3% +5% +1% -2% -3% +1% -4%

What is the average annual change in the price of Toyota Camry within this period? Answer in
percentage.