The Number of Students at a Local University Increased from 2,500

question 157

Multiple Choice

The number of students at a local university increased from 2,500 students 5000 students in 10
Years. Based on a geometric mean, the university grew at an average percentage rate of

• A) 2,500 students per year
• B) 1.071 students per year
• C) 7.1 percent per year
• D) 250 students per year
• E) Cannot be determined

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Definitions:

Horizontal Contracts

Agreements between firms or entities at the same level in the supply chain, often to coordinate strategies or manage joint ventures.

Prices

The sum of money needed to buy goods or services.

Synergy

Synergy occurs when the combined effect of a group or system of entities is greater than the sum of their individual effects, often resulting in increased efficiency or productivity.

Profitable

refers to a financial state where income exceeds expenses, leading to a positive net outcome.