A Company Has Data on Annual Revenue for Ten Years

question 88

Short Answer

A company has data on annual revenue for ten years beginning in 1995. The company wants to compute an index using the revenues from 1995, 1996, and 1997 as the based. If the revenues for the three years were (in $millions): $1.5, $1.3, and $2.0, what is the base value?

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Definitions:

Work Process Strength

The efficiency, effectiveness, and adaptability of processes within a workplace that contribute to achieving organizational goals.

Performance Opportunity

A situation or instance that allows an individual or organization to showcase their abilities and achieve significant progress.

Increase Output

Actions or strategies aimed at boosting the amount of work, products, or results produced by a system, organization, or process.

Performance Opportunity

Opportunities provided within an organization for employees to demonstrate their abilities and potentially enhance their professional growth and career advancement.