You are given annual growth rates for 7 consecutive years. To find compound annual rate of growth, the suitable method involves use of:
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1 mark, −0.33StatisticsDescriptive statistics and dispersionGeometric and harmonic meansModerateabout 1 min
UoH 2015 Question 66: Descriptive statistics and dispersion
Answer and worked solution
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Descriptive statistics and dispersion has come up 117 times in 6 exams since 2004.
What this question tests
This question is on Geometric and harmonic means, part of Descriptive statistics and dispersion in Statistics.
Averages for rates, ratios and growth, and how they compare with the arithmetic mean.
TestStop has 13 past-paper questions on this subtopic.
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Question from the UoH 2015 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.