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NEW QUESTION: 1
The U.S. Federal Aviation Administration reported that passenger revenues on international flights increased from $528 million in 1972 to $5,100 million in 1995. What is the geometric mean annual percent increase in international passenger revenues?
A. 9.96
B. None of these answers
C. 103.6
D. 10.4
E. 27.9
Answer: D
Explanation:
Explanation/Reference:
Explanation:
There are 24 years involved. The geometric mean is = [(1 + 5100/528)

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Pre-requisites

To obtain your (1/23) - 1 = 0.1036 = 10.4%

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Course Content

(1/23) - 1 = 0.1036 = 10.4%

Course Advisor

  • Dean Pompilio

    Dean Pompilio

    Technical Trainer, Owner- Steppingstonesolutions Inc

    Related Posts
    1/23]-1. In words, it is the 23rd square root of (1 + 5100/528) minus 1. So we have GM = (1 + 9.66)

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(1/23) - 1 = 0.1036 = 10.4%

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