The Electronics Company has been in business for five years, and the following table lists the companys
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The Electronics Company has been in business for five years, and the following table lists the company’s net profit in each of those years. Using the first year as a reference value, find the index number for the net profit in the second year.
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Year 2 3 4 5 Net profit ($) 10,008 14,237 19,850 65,334 81,565
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where xindex year and nnumber of years In this case x2 n5 Therefore you can find th...View the full answer
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Statistical Reasoning For Everyday Life
ISBN: 978-0134494043
5th Edition
Authors: Jeff Bennett, William Briggs, Mario Triola
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