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May 27th, 2013, 03:00 AM   #1
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Statistics (Measures of Central Tendency)

Help me to solve the following statistical exercise:
A man gets three successive annual increments in salary of 20%, 30% and 25%, each percentage being reckoned on his salary at the end of the previous year. How much better or worse off would he have been if he had been given 3 annual increments of 25% each, reckoned in the same way?
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May 27th, 2013, 03:49 AM   #2
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Re: Statistics (Measures of Central Tendency)

[color=#000000] so what do you think?[/color]
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May 27th, 2013, 07:47 AM   #3
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Re: Statistics (Measures of Central Tendency)

Thank u
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May 27th, 2013, 11:47 PM   #4
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Re: Statistics (Measures of Central Tendency)

So what would be the appropriate equation, to solve this problem, where use of logarithm and anti-logarithm is necessary. Pls help me
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