You are given the following as it relates to the price of a pound of flour...
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You are given the following as it relates to the price of a pound of flour in Adam Island, 2016 to 2022: 2016-$1.35 2017 - $1.50 2018 - $1.65 2019 - $1.85 2020 - $2.15 2021 - $2.00 2022 - $2.10 Using 2020 as the base year, calculate the index for 2016, 2017, 2018, 2019, 2020, 2021 and 2022. NB Index = (current price/base price) times 100. Also the value of the index IS NOT stated as a percentage. It is just the value you get from the calculation.(1 mark each) You are given the following as it relates to the price of a pound of flour in Adam Island, 2016 to 2022: 2016-$1.35 2017 - $1.50 2018 - $1.65 2019 - $1.85 2020 - $2.15 2021 - $2.00 2022 - $2.10 Using 2020 as the base year, calculate the index for 2016, 2017, 2018, 2019, 2020, 2021 and 2022. NB Index = (current price/base price) times 100. Also the value of the index IS NOT stated as a percentage. It is just the value you get from the calculation.(1 mark each)
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Related Book For
Introduction to Operations Research
ISBN: 978-1259162985
10th edition
Authors: Frederick S. Hillier, Gerald J. Lieberman
Posted Date:
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