The metropolitan area of Los Angeles–Long Beach, California, showed the largest

Question

The metropolitan area of Los Angeles–Long Beach, California, showed the largest increase in the number of jobs between 1989 and 2007. The number of jobs increased from 5,161,800 to 6,292,300. What was the geometric mean expected yearly rate of increase? (Round your answer to 2 decimal places.)

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The metropolitan area of Los Angeles–Long Beach, California, showed the largest increase in the number of jobs between 1989 and 2007. The number of jobs increased from 5,161,800 to 6,292,300. What was the geometric mean expected yearly rate of increase? (Round your answer to 2 decimal places.)

Explanation / Answer

The metropolitan area of Los Angeles–Long Beach, California, showed the largest increase in the number of jobs between 1989 and 2007.

The number of jobs increased from 5,161,800 to 6,292,300.

We have to find the geometric mean of 5161800 and 6292300

Geometric mean = sqrt (5161800 * 6292300)

= sqrt(3.24796E+13)

= 5699087.13

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