An item with a price relative of 132 cost $10.75 in 2011. Its base year was 1994.
Question:
a. What was the percentage increase or decrease in cost of the item over the 17-year period?
b. What did the item cost in 1994?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
a From the price relative we see ...View the full answer
Answered By
Parvesh Kumar
I am an experienced Mathematics and Statistics tutor with 10 years of experience teaching students and working professionals. I love teaching students who are passionate to learn subjects or wants to understand any mathematics and statistics concept at graduation or master’s level. I have worked with thousands of students in my teaching career. I have helped students deal with difficult topics and subjects like Calculus, Algebra, Discrete Mathematics, Complex analysis, Graph theory, Hypothesis testing, Probability, Statistical Inference and more. After learning from me, students have found Mathematics and Statistics not dull but a fun subject. I can handle almost all curriculum of mathematics. I did B.Sc (mathematics), M.Sc (mathematics), M.Tech (IT) and am also Gate (CS) qualified. I have worked in various college and school and also provided online tutoring to American and Canadian students. I look forward to discussing with you and make learning a meaningful and purposeful
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Statistics For Business & Economics
ISBN: 9781305585317
13th Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Question Posted:
Students also viewed these Statistics questions
-
An item with a price relative of 132 cost $10.75 in 2009. Its base year was 1992. a. What was the percentage increase or decrease in cost of the item over the 17-year period? b. What did the item...
-
An item with a price relative of 132 cost $10.75 in 2018. Its base year was 2001. a. What was the percentage increase or decrease in cost of the item over the 17-year period? b. What did the item...
-
The sale price of an item with a 33% discount on its list price L Write an algebraic expression for the verbal description.
-
Vito Co.'s next dividend is expected to be $4.50. Dividend growth is estimated at 20%, 15%, 8% for the following three years, and then stabilize to 2%. How much are you willing to pay to buy one...
-
You have $100,000 to invest in either Stock D, stock F, or a risk-free asset. You must invest all of your money. Your goal is to create a portfolio that has an expected return of 12 percent. If D has...
-
Pham Company acquired the assets (except for cash) and assumed the liabilities of Senn Company on January 1, 2011, paying $720,000 cash. Senn Companys December 31, 2010, balance sheet, reflecting...
-
Jerome M. Eisenberg is an antiquities dealer and a self-proclaimed expert in classical antiquities with a doctorate in Roman, Egyptian, and Near Eastern art. Maurice E. Hall Jr. is an art dealer who...
-
The Rockwell Electronics Corporation retains a service crew to repair machine breakdowns that occur on an average of ( = 3 per day (approximately Poisson in nature). The crew can service an average...
-
28. Below is the model of a three-dimensional structure. Draw the front view of this model. Each cube is exactly inch in length, width, and height. Use a scale of 2:1. (2 marks) Back Top Front Left...
-
In an IPv4 packet, the size of the payload in the first fragment, in octets, is equal to Total Length - (4 IHL). If this value is less than the required minimum (8 octets for TCP), then this...
-
Many factors influence the retail price of gasoline. The following table shows the average retail price for a gallon of regular grade gasoline for each year from 2011 through 2014 (U.S. Energy...
-
The closing prices of Yahoo stock, adjusted for splits and dividends, for the final trading days of December 2010-2014 are given in the following table. The CPI for December of each year is also...
-
The average retail price of gasoline (all types) for 2014 was 342 cents. What would the standard deviation have to be in order for there to be a 15% probability that a gallon of gas costs less than...
-
Your client owns a condominium that they purchased for $460,000 in 2009. It is assessed for real estate tax purposes at $506,000, and its replacement value for insurance purposes in now $580,000. The...
-
1 . State five ( 5 ) reasons for the differences in national accounting standards 2 . What are International Financial Reporting Standards ( IFRSs ) ? 3 . Many countries are adopting IFRSs although...
-
Claire a student, sold a piece of land to Max on October 1 , Year 1 . Claire's basis in the land was $ 1 5 0 , 0 0 0 and Max purchased it from her for $ 1 , 5 0 0 , 0 0 0 ( payable in three annual...
-
There are specific rules that apply to issuing and completing the Record of Employment ( ROE ) for commission employees who are paid by commission only. In your own words, explain how to complete...
-
What is Accounting Seed software, and why is this AIS software said to be not helpful for retail stores but used in warehouses or any finance department? Give reference.
-
Given the numerous processes inside cells that are regulated by changes in Ca 2+ concentration, it seems likely that Ca 2+ -dependent cellcell adhesions are also regulated by changes in Ca 2+...
-
a. Why does the Wi-Fi Alliance release compatibility testing profiles in waves instead of combining the entire standards features initially? 27a1.) An 802.11ac Wi-Fi compatibility testing profile...
-
In an experiment designed to test the output levels of three different treatments, the following results were obtained: SST = 400, SSTR = 150, nT = 19. Set up the ANOVA table and test for any...
-
In a completely randomized design, 12 experimental units were used for the first treatment, 15 for the second treatment, and 20 for the third treatment. Complete the following analysis of variance....
-
Develop the analysis of variance computations for the following completely randomized design. At = .05, is there a significant difference between the treatmentmeans? Treatment 136 120 113 107 131...
-
Regarding the following structure answer the following questions: N 1) What is the sar? wwww olaparib (lynparza) 2)What is the quantitive estimation (principle of assay)?
-
7. Determine the Q-values of the following reaction: N+13N P+13C (Given: Rest-mass of 13N = 13.005739 u; rest-mass of 13C = 13.003355 u.) (3 marks)
-
Consider the following description for the element iron, Fe Ph Iron is a silver-white malleable ductile magnetic heavy metallic element that readily rusts in moist air to give a hydrated iron oxide....
Study smarter with the SolutionInn App