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When data consist of percentages, ratios, compounded growth rates, or other rates of change, the geometric mean is a useful measure of central tendency. For n data values, the geometric mean, assuming all data values are positive, is as follows. To find the average growth factor over 5 years of an investment in a mutual fund with growth rates of 10.5% the first year, 12.1% the second year, 13.5% the third year, 3.5% the fourth year, and 7.3% the fifth year, take the geometric mean of 1.105, 1.121, 1.135, 1.035, and 1.073. Find the average growth factor of this investment. (Round your answer to four decimal places.)
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When data consist of percentages, ratios, compounded growth rates, or other rates of change, the geo...
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