Identify the six price indices in Table 2.1 that result from using the price from 2000 as
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Identify the six price indices in Table 2.1 that result from using the price from 2000 as the referenc value.
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TABLE 2.1 Average Gasoline Prices (per gallon) Price as a percentage of 1980 price 25.4% 29.5% 100.0% 100.8% 1279% 232.8% Price index (1980# 100) 25.4 29.5 100.0 100.8 127.9 232.8 Year Price 1960$0.31 1970 $0.36 1980 $1.22 1990 $1.23 2000 $1.56 2010 $2.84
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Related Book For
Statistical Reasoning for Everyday Life
ISBN: 978-0321817624
4th edition
Authors: Jeff Bennett, Bill Briggs, Mario F. Triola
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