Using 2014 as the base period, compute a simple price index for each of the following commodities. Interpret your results 2014 2015 Milk $2.37 $2.47 $83.97 $93.97 Bus pass Clothing $1658.82 $1583.94

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.6: Percent Applications
Problem 10E
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Using 2014 as the base period, compute a simple price index for each of the following commodities. Interpret your results
2014
2015
Milk
$2.37
$2.47
$83.97
$93.97
Bus pass
Clothing
$1658.82
$1583.94
Transcribed Image Text:Using 2014 as the base period, compute a simple price index for each of the following commodities. Interpret your results 2014 2015 Milk $2.37 $2.47 $83.97 $93.97 Bus pass Clothing $1658.82 $1583.94
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