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Example 1 From the data given below, calculate the index number of prices for all the years with reference to 1980 as the base year, using Simple Aggregative Method. Items 1980 1981 1982 1983 Rice wheat 57.2 130.3 51.7 56.4 60.4 121.3 48.2 58.7 124.6 50.3 135.5 53.3 Sugar

Example 1 From the data given below, calculate the index number of prices for all the years with reference to 1980 as the base year, using Simple Aggregative Method. Items 1980 1981 1982 1983 Rice wheat 57.2 130.3 51.7 56.4 60.4 121.3 48.2 58.7 124.6 50.3 135.5 53.3 Sugar

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter3: Straight Lines And Linear Functions
Section3.3: Modeling Data With Linear Functions
Problem 18E: Tax Table Here are selected entries from the 2014 tax table that show the federal income tax owed by...
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Example 1 From the data given below, calculate the index number of prices for all the years with reference to 1980 as the base year, using Simple Aggregative Method. Items 1980 1981 1982 1983 Rice wheat 57.2 130.3 51.7 56.4 58.7 60.4 121.3 124.6 50.3 135.5 53.3 Sugar 48.2
Transcribed Image Text:Example 1 From the data given below, calculate the index number of prices for all the years with reference to 1980 as the base year, using Simple Aggregative Method. Items 1980 1981 1982 1983 Rice wheat 57.2 130.3 51.7 56.4 58.7 60.4 121.3 124.6 50.3 135.5 53.3 Sugar 48.2
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