Level:
Project ID:
2010013502
Source Problem:
Accepted:
0
Clonable:
1
Easy:
0
The annual production of a business is recorded in the following table. Find the compound annual rate of decline in production for a given period \( 2017 \) - \( 2020 \). (I.e., the average annual coefficient of the production decline, i.e., the ratio that provides a constant decline rate over the time period.) Round the result to four decimal places. \[
\begin{array}{|c|c|c|c|c|} \hline \text{Year} & 2017 & 2018 & 2019 & 2020 \\\hline \text{Production (pcs)} & 55\: 000 & 50\: 000& 47\: 000 & 45\: 000 \\\hline
\end{array}\]
\( 0.9353 \)
\( 0.9225 \)
\( 0.9898 \)
\( 0.9535 \)