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The U.S. Federal Aviation Administration reported that passenger revenues on international flights increased from $528 million in 1986 to $5,100 million in 2009. What is the geometric mean annual percent increase in international passenger revenues?

Respuesta :

Answer:

10.36 %

Explanation:

given,

It is reported that there is increase in revenue of international flight from  $528 million in 1986 to $5,100 million in 2009.

to calculate the geometric mean annual percentage

                    = [tex]1 -(\dfrac{\$ 5100}{\$ 528})^{\dfrac{1}{2009-1986}}[/tex]

                    = 1 - 1.1036

                    = 0.1036  = 10.36 %

hence, the geometric mean annual percentage increase in international passenger revenues is 10.36%

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