Author Question: All of the following are true about the Consumer Price Index except a. it has a base period of ... (Read 63 times)

ap345 · **on:** Jun 24, 2018

All of the following are true about the Consumer Price Index except
a. it has a base period of 2002-2003.
b. it is based on a market basket of items.
c. it includes charges for services (like doctor bills).
d. it is the primary measure of the cost of living in the U.S.

Question 2

Two events, A and B, are mutually exclusive and each has a nonzero probability. If event A is known to occur, the probability of the occurrence of event B is _____.
a. 1
b. any positive value
c. 0
d. any value between 0 and 1