Given the following data :Year:1992199319941995199619971998Weekly take homePay (Rs.):105110115125135140145ConsumerPrice index :113118127138144150160(i) What was the real average of weekly pay for each(ii) In which year did the employee have the greatest buying power ?(iii) What percentage increase in the weekly pay for the year 1998 is require(if any) to compensate him with the purchasing power in the yeardahis highest real pay ?year

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Given the following data : 1996 1997 1998 Year : Weekly take home Pay (Rs.): Consumer Price index : 1992 1993 1994 1995 105 110 115 125 135 140 145 113 118 127 138 144 150 160 (i) What was the real average of weekly pay for each year ? (ii) In which year did the employee have the greatest buying power ? (iii) What percentage increase in the weekly pay for the year 1998 is require (if any) to compensate him with the purchasing power in the year his highest real pay ?

Given the following data : 1996 1997 1998 Year : Weekly take home Pay (Rs.): Consumer Price index : 1992 1993 1994 1995 105 110 115 125 135 140 145 113 118 127 138 144 150 160 (i) What was the real average of weekly pay for each year ? (ii) In which year did the employee have the greatest buying power ? (iii) What percentage increase in the weekly pay for the year 1998 is require (if any) to compensate him with the purchasing power in the year his highest real pay ?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter10: Statistics

Section10.6: Summarizing Categorical Data

Problem 4BGP

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