Calculate the average growth rate from the following growth rates: 5.00%, 6.10%, 4.30%, 4.70%, 7.70%.
Round your answer to 4 decimal places and express as a percent, but do NOT include the % sign. For example, .39522906 would be rounded to .3952, which is 39.52%.
You would write the answer as 39.52
Answer 5.56
The given data is:
| 5 |
| 6.1 |
| 4.3 |
| 4.7 |
| 7.7 |
Average growth= 27.8/5=5.56%
The average growth rate is 5.56%.
oR using Excel command
=average(select all data)
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