Question: 465 Below is 10 years' data on the Manager's Salary Index (MSI). Change in MS MSI 93 100 Year 2008 2009 2010 2011 2012 2013

465 Below is 10 years' data on the Manager's Salary Index

465 Below is 10 years' data on the Manager's Salary Index (MSI). Change in MS MSI 93 100 Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 3.9% 5.0 115 126 1.2 8.3 5.1 12.0 4.5 138 145 170 (a) Calculate the unknown quantities a, b, c, d, e (b) What is the base year of the MSI? How did you (c) Given the data for the MSI, calculate the aver- and f in the table. Review Equation 14-3. determine it? age annual price increase in salaries paid to managers between 2009 and 2013 and between 2013 and 2017 (d) Assume the average rate from 2008 to 2017 con- tinues. What is the MSI for 2018, 2019, and 2020

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