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

The mean growth annual rate over this period is 0.0036.

Given that,

Annual growth rate of 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.

We have to find,

The mean growth annual rate over this period.

According to the question,

Annual growth rate (AGR) is the change in the value of a measurement over the period of a year.

The mean growth annual rate is calculated as the sum of each year's growth rate divided by the number of years.

Where sum of each year growth rate = 5.5 + 1.1 - 3.5 - 1.1 + 1.8  = 3.8%

And total no. of years = 5

Then ,

The mean growth annual rate over this period =  

The mean growth annual rate over this period = 0.76%

Convert to decimal form

= 0.76% = 0.0076

Hence, The mean growth annual rate over this period is 0.0036.

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The mean growth annual rate over this period is 0.0036

Step-by-step explanation:

we know that

The mean growth annual rate is calculated as the sum of each year's growth rate divided by the number of years

Convert to decimal form

therefore

The mean growth annual rate over this period is 0.0036

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step-by-step explanation:

for ex: the reciprocal of 3/4 is 4/3. it is the opposite.

reciprocal definition:

a mathematical expression or function so related to another that their product is one; the quantity obtained by dividing the number one by a given quantity.