The library at a certain university reported that journal prices had increased by 160% over a period of 10 years. The report concluded that this represented a price increase of 16% each year. If journal prices had indeed increased by 16% each year, what percentage increase would that give over 10 years? (Round your answer as a percentage to the nearest whole number.)

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Q: If prices increase at a monthly rate of 3.4%, by what % do they increase in a year?

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Q: of

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A: If something is decreasing at 2.1% per month,then after 1 month we have 100%-2.1%=97.9%so after each…

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Q: algebra

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Q: According to current population estimates, the population of Los Angeles was about 3.9 million…

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Q: A store shows a net profit of $65,250 for the year. If the store profit increases by 3.75% per year…

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A: ANSWER :

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.