Arithmetic and geometric mean annual growth rate
Not what you're looking for?
1. The rates of growth of Bardeen Chemicals for the past five years are 5.2 percent, 8.7 percent, 3.9 percent, 6.8 percent, and 19.5 percent.
What is the arithmetic mean annual growth rate?
What is the geometric mean annual growth rate?
Should the arithmetic mean or geometric mean be used to represent the average annual growth rate? Why?
2. A nationwide poll of adults asked if they favor gun control, oppose it, or have no opinion, as well as their preferred political party. The results are reported in the following table.
Party Affiliation Favor Oppose No Opinion Total
Democrat 88 96 36 220
Republican 64 96 20 180
Total 152 192 56 400
Analyze the information in the table. Who is more likely to favor gun control?
Purchase this Solution
Solution Summary
This determines arithmetic mean annual growth rate, geometric mean annual growth rate, and analyzes the results of a table.
Solution Preview
Please see the attached files.
S. No Rates of Growth
1 5.2
2 8.7
3 3.9
4 6.8
5 19.5
Arithmetic mean = 8.82
Geometric mean = 7.478701
The arithmetic mean should be used, and not the geometric mean because the Geometric mean does not have any significance in ...
Purchase this Solution
Free BrainMass Quizzes
Terms and Definitions for Statistics
This quiz covers basic terms and definitions of statistics.
Measures of Central Tendency
This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.
Measures of Central Tendency
Tests knowledge of the three main measures of central tendency, including some simple calculation questions.
Know Your Statistical Concepts
Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.