Question: Could I get some step by step help? ASKYOURTEACHER PRACTICE ANOTHER Many factors Inuence the retail price of gasoline. Suppose the following table shows the

Could I get some step by step help?

ASKYOURTEACHER PRACTICE ANOTHER Many factors Inuence the retail price of gasoline. Suppose the following table shows the average retail price For a gallon of regular grade gasoline For each year from 2011 through 2014. (Round your answers to one decimal place.) Year Average Prloe (5} 2011 3.531 2012 3.523 2013 3.495 2014 3.343 (a) Use 2011 as the base year and develop a price index for the retail price of a gallon of regular grade gasoline over this four-year period. 2011 price index 2012 price index 2013 price index 2014 price index (b) Use 2012 as the base year and develop a price index for the retail price of a gallon of regular grade gasoline over this four-year period. 2011 price index 2012 price index 2013 price index 2014 price index

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