Use the following price information for selected items for 2010 and 2018. Production figures for those two periods are also given.     Price   Quantity       Item 2018 2018 2010 2018     Aluminum (cents per pound)  0.63  0.67 1,005 1,362     Natural gas (1,000 cu. ft.) 4.18 2.80 4,755 5,834     Petroleum (barrel) 71.02 57.96 71,619 74,074     Platinum (troy ounce) 1,743.41 1,292.34

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section: Chapter Questions
Problem 46CR
icon
Related questions
Question

Use the following price information for selected items for 2010 and 2018. Production figures for those two periods are also given.
 

  Price   Quantity      
Item 2018 2018 2010 2018    
Aluminum (cents per pound)  0.63  0.67 1,005 1,362    
Natural gas (1,000 cu. ft.) 4.18 2.80 4,755 5,834    
Petroleum (barrel) 71.02 57.96 71,619 74,074    
Platinum (troy ounce) 1,743.41 1,292.34 647 537    
             

 

Determine a value index for 2018 using 2010 as the base period. (Round your answer to 2 decimal places.)

 
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL