Level:
Project ID:
1003025104
Source Problem:
Accepted:
1
Clonable:
1
Easy:
0
The annual production of a business is recorded in the following table. Find the compound annual growth rate over the time period \( 2014 \) - \( 2017 \). (I.e., the average annual coefficient of the production growth, i.e., the ratio that provides a constant growth rate over the time period.) Round the result to four decimal places.\[
\begin{array}{|c|c|c|c|c|} \hline \text{Year} & 2014 & 2015 & 2016 & 2017 \\\hline \text{Production (pcs)} & 20\: 000 & 20\: 400& 21\: 420 & 24\: 633 \\\hline
\end{array}\]
\( 1{.}0719 \)
\( 1{.}0705 \)
\( 1{.}0733 \)
\( 1{.}0727 \)