Year Gas Price Index Value 2000 $1.48 [A] 2006 $2.57 [B] 2008 $3.25 [C] 2012 $3.62 [D] Build an index from these values, using 2008 as the base year. Round each index value to the nearest tenth.
Year Gas Price Index Value 2000 $1.48 [A] 2006 $2.57 [B] 2008 $3.25 [C] 2012 $3.62 [D] Build an index from these values, using 2008 as the base year. Round each index value to the nearest tenth.
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section1.2: Graphs Of Equations In Two Variables; Circles
Problem 111E
Related questions
Question
The following table is a selection of average prices for a gallon of gas in the United States.
| Year | Gas Price | Index Value |
|---|---|---|
| 2000 | $1.48 | [A] |
| 2006 | $2.57 | [B] |
| 2008 | $3.25 | [C] |
| 2012 | $3.62 | [D] |
Build an index from these values, using 2008 as the base year.
Round each index value to the nearest tenth.
[A] =
[B] =
[C] =
[D] =
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 2 images
Recommended textbooks for you
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Elementary Algebra
Algebra
ISBN:
9780998625713
Author:
Lynn Marecek, MaryAnne Anthony-Smith
Publisher:
OpenStax - Rice University
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Elementary Algebra
Algebra
ISBN:
9780998625713
Author:
Lynn Marecek, MaryAnne Anthony-Smith
Publisher:
OpenStax - Rice University
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill