doubleA426 doubleA426

06-06-2023
Business

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The following table shows the revenues (in $ millions) for Firm 1 and Firm 2 over the past three years.
Year Firm 1 Firm 2
1 15.73 3.06
2 14.53 2.99
3 14.20 2.99
a. Calculate the average growth rate for each firm.
b. Which firm had the higher growth rate over this period?

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