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...

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 of 8.4​%, ​4.4%, and 1.8​% can be found by computing the geometric mean of 1.084​, 1.044​, and 1.018 . Find that average growth​ factor, or geometric mean. What single percentage growth rateLOADING... would be the same as having three successive growth rates of 8.4​%, ​4.4%, and ​1.8%? Is that result the same as the mean of 8.4​%, ​4.4%, and 1.8​%?

Jun 09, 2022
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