In 1998, a total of 14,976,000 taxpayers in the United States filed their indivi

Question

In 1998, a total of 14,976,000 taxpayers in the United States filed their individual tax returns electronically. By the year 2009, the number increased to 57,655,000. What is the geometric mean annual increase for the period? (Round your answer to 2 decimal places.)

In 1998, a total of 14,976,000 taxpayers in the United States filed their individual tax returns electronically. By the year 2009, the number increased to 57,655,000. What is the geometric mean annual increase for the period? (Round your answer to 2 decimal places.)

Explanation / Answer

Geometric mean =(x1.x2)1/n.

Here n is 2, so 1/2=0.5

Hence geometric mean =(1497600*57655000)0.5=29384371.36

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