Question

The price of a minor league baseball ticket increased and decreased these amounts over four years: -10.8%, +14.2%, +16.5%, -4.7%. What is the MEAN increase or decrease over the four years?

Answer 1

my guess is \[(1-.108)(1+.142)(1+.165)(1-.047)\]

Answer 2

why would you guess that? what is the basis?

Answer 3

ughh this is confusing

Answer 4

you should sum the percentages and divide by 4. that's what an average is.

Answer 5

ok thanks