   Chapter 15, Problem 14CR ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

#### Solutions

Chapter
Section ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

# With index numbers, a base period is chosen and is equal to _____ percent. (15-8)

To determine

To fill: To fill the blank given in the statement “With index numbers, a base period is chosen and is equal to ___________ percent.”

Explanation

With index numbers, a base period is chosen and is equal to index numbers percent.

The formula to calculate index numbers is,

Index number(rate)=Yearly amount(Portion)Base year amount(Base)

Index numbers are the statistical measures of changes in individual data points

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