Use the information in table below to calculate the mean growth rate. $\begin{array}{|l|l|}
\hline \text { Time series data collected over } & 30 \text { years } \
\hline \text { Highest Peak } & 7 \% \
\hline \text { Next Trough } & -2 \% \
\hline \text { Number of peaks and troughs } & 4 \
\hline \text { Sum of annual growth rates } & 75 \
\hline \text { Sum of annual positive growth rates } & 90 \
\hline
\end{array}$
A)2.5%
B)3%
C)5
D)9

Question

Quizplus · Accepted Answer

Mean growth rate = Sum of annual growth rates / Number of years= 75 / 30= 2.5%

Use the Information in Table Below to Calculate the Mean