Question
The data below show the quarterly revenue of 5 regional divisions in a company Region & Quarter 1 & Quarter 2 & Quarter 3 & Quarter 4 Region 1 & 45 & 55 & 61 & 63 Region 2 & 62 & 65 & 69 & 74 Region 3 & 23 & 25 & 31 & 34 Region 4 & 34 & 32 & 37 & 44 Region 5 & 41 & 43 & 46 & 52 Revenue shown in thousands. Which region has seen the biggest overall percentage increase in revenue across the 4 quarters? Region 1 Region 2 Region 3 Region 4 Region 5
Answer
4.7
(280 Votes)
Marshall
Master · Tutor for 5 years
Answer
Region 3
Explanation
## Step 1: Calculate the percentage increase for each region from Quarter 1 to Quarter 4. To do this, we use the following formula: ###
## Step 2: Calculation:For Region 1, Percentage Increase = \(\frac{{(63 - 45)}}{{45}} \times 100\% = 40 \%\)For Region 2, Percentage Increase = \(\frac{{(74 - 62)}}{{62}} \times 100\% = 19.35483870967742 \% \)For Region 3, Percentage Increase = \(\frac{{(34 - 23)}}{{23}} \times 100\% = 47.82608695652174 \%\)For Region 4, Percentage Increase = \(\frac{{(44 - 34)}}{{34}} \times 100\% = 29.411764705882355 \% \)For Region 5, Percentage Increase = \(\frac{{(52 - 41)}}{{41}} \times 100\% = 26.829268292682925\% \)## Step 3: Based on the percentage increase in each region, the highest percentage increase in revenue across the four quarters is in Region 3; hence, Region 3 has seen the biggest overall percentage increase in revenue.