Mathematics: 100 pst i need to stop...

100 pst i need to stop... - id10012869588, shaheedbrown06

Ответ:

lilpetals

30.12.2020

Mathematics

$ 1,965,334

Step-by-step explanation:

Annual sales of company in 1999 = $ 1,200,000

Geometric mean growth rate = 10.37 % = 0.1037

In order to forecast we have to use the concept of Geometric sequence. The annual sales of company in 1999 constitute the first term of the sequence, so:

$a_{1}=1,200,000$

The growth rate is 10.37% more, this means compared to previous year the growth factor will be

r =1 + 0.1037 = 1.1037

We have to forecast the sales in 2004 which will be the 6th term of the sequence with 1999 being the first term. The general formula for n-th term of the sequence is given as:

$a_{n}=a_{1}(r)^{n-1}$

So, for 6th term or the year 2004, the forecast will be:

$a_{6}=1,200,000(1.1037)^{6-1}\\\\ a_{6}=1,965,334$

Thus, the forecasted sales for 2004 are $ 1,965,334

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100 pst i need to stop...

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