City Guilds Model Questions Vol1 2023 Information Technology Question 42
Practice objective / multiple choice question 42 from the 2023 City Guilds Model Questions Vol1 Information Technology examination.
A spreadsheet records the monthly sales (in naira) for the first six months of the year as follows: 12,000; 15,000; 13,000; 16,000; 17,000; 18,000. Assuming the sales follow an exponential growth model \(S_t = S_1 (1+g)^{t-1}\), the average monthly growth rate \(g\) can be estimated by \(g = \left(\frac{S_6}{S_1}\right)^{\frac{1}{5}} - 1\). Calculate \(g\) as a percentage rounded to two decimal places.
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About This Question
This is City Guilds Model Questions Vol1 2023 Information Technology Question 42. It is one of the objective questions from the 2023 City Guilds Model Questions Vol1 Information Technology examination.
Difficulty level: Medium .
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