Math Problem Statement
Solution
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Math Problem Analysis
Mathematical Concepts
Weighted Averages
Growth Rate Calculation
Revenue Calculation
Formulas
Weighted Average Growth in Quantity: (I_q1 * Value1 + I_q2 * Value2 + I_q3 * Value3) / (Value1 + Value2 + Value3)
Weighted Average Growth in Price: (I_p1 * Value1 + I_p2 * Value2 + I_p3 * Value3) / (Value1 + Value2 + Value3)
Revenue Growth: I_a = I_q * I_p
Theorems
Weighted Average Theorem
Suitable Grade Level
Grades 11-12 (Advanced High School Level)