Sales of the Hybrid Toyota Prius Grew from 5,562 in the Year

question 93

Multiple Choice

Sales of the hybrid Toyota Prius grew from 5,562 in the year 2000 to 140,928 in the year 2010.Use the geometric mean to compute the average annual growth rate of Toyota Prius sales.

• A)1.4%
• B)24.3%
• C)25.3%
• D)38.2%
• E)44.3%

---

Definitions:

Relative Frequency

The ratio of the number of times a particular value occurs to the total number of observations.

Probabilities

Measures of the chance or likelihood that certain events or outcomes will occur, represented quantitatively.

Perfectly Balanced

A term often used in data analysis or statistics to describe a situation where elements are distributed equally or in perfect symmetry.

Trial

An attempt or test to perform a task, or the use of something in experiment to determine its efficiency or effectiveness.