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eBook Annual revenue for Corning Supplies grew by 5.5% in 2007; 1.1% in 2008; -3.5% in 2009; -1.1% in 2010; and 1.8% in 2011. What is the mean growth annual rate over this period? Round your answer to four decimal places. Do not round intermediate calculations. % Hide Feedback Incorrect

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Stephen

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Step 1/2

The given data in tabular form:-

Explanation:

The average (mean) annual growth rate or AAGR is the arithmetic mean of a series of growth rates.

Step 2/2

The annual growth rates are given.

Explanation:

These two methods provide slightly different results due to the way they handle growth rates.

Final Answer

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