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Author Question: Solve the problem.Identify the four price index numbers in the table that would result from using ... (Read 90 times)

jeatrice

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on: Jan 18, 2020

Question 1

Solve the problem.

Part of the Housing Price Index for 1999 is given below:



Suppose that wages are directly related to housing values. If the hourly wage for a job is per hour in Spokane, what would the job pay in Sioux City?
◦ $24.58
◦ $8.92
◦ $9.77
◦ $5.89

Question 2

Solve the problem.

Identify the four price index numbers in the table that would result from using the price from 1995 as the reference value. Round each value to the nearest tenth.

Average Gasoline Prices (per gallon)
YearPricePrice as a Percentage of 1975 PricePrice Index
(1975 = 100)		Price Index
(1995 = 100)
195529.1¢51.3%51.3​
197556.7¢100.0%100.0​
1995120.5¢212.5%212.5​
2005231.0¢407.4%407.4​

◦ 1955: 191, 1975: 100, 1995: 47.8, 2005: 24.1
◦ 1955: 191.7, 1975: 100, 1995: 47.1 ,2005: 24.1
◦ 1955: 24.1, 1975: 47.8, 1995: 100, 2005: 191
◦ 1955: 24.1, 1975: 47.1, 1995: 100, 2005: 191.7
Statistical Reasoning for Everyday Life ¦ Bennett, Briggs, Triola ¦ 5th Edition
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Marked as best answer by jeatrice on Jan 18, 2020

sarahccccc

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Reply #1 on: Jan 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jeatrice

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Reply 2 on: Jan 18, 2020
Excellent

amandanbreshears

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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