Estimate the Value of the Radical by Using Three Iterations

question 8

Short Answer

Estimate the value of the radical by using three iterations of the Newton-Raphson method with the indicated initial guess for the function. Round your answer to six decimal places, if necessary.
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Definitions:

Gross Profit Rate

The gross profit rate, also known as gross profit margin, is the ratio of gross profit (sales minus cost of goods sold) to sales, expressed as a percentage.

Merchandise Available

The total quantity of goods available for sale, including beginning inventory plus purchases made during the period.

Estimated Gross Profit

An approximate calculation of a company's gross profit, predicted based on past data and future projections.

Fiscal Year

A twelve-month period used for accounting purposes and preparing financial statements, which may differ from the calendar year.