Concept explainers
Consumer prices The consumer price index (CPI) measures how prices have changed for consumers.
With 1995 as a reference of 100, a year with
(a) Find the function that models C(t) if the CPI was 175 in 2010.
(b) What does the model from part (a) predict for the consumer costs in 2030? How does this compare to 2010?
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Chapter 12 Solutions
Mathematical Applications for the Management, Life, and Social Sciences