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Author Question: Solve the problem.Part of the Housing Price Index for 1999 is given below:An academic computer ... (Read 34 times)

rosent76

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on: Jan 18, 2020

Question 1

Solve the problem.

A part of the Consumer Price Index (CPI) is given below:



Suppose that an item cost in 1975. If the cost of that item just "kept up with inflation," what would it cost, to the nearest dollar, in 1995?
◦ $198
◦ $100
◦ $16
◦ $130

Question 2

Solve the problem.

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



An academic computer expert is leaving Boston to work in the high tech area of Palo Alto. What should she expect to pay, to the nearest dollar, for a house comparable to her Boston home?
◦ $492,000
◦ $621,703
◦ $675,000
◦ $154,575
Statistical Reasoning for Everyday Life ¦ Bennett, Briggs, Triola ¦ 5th Edition
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Marked as best answer by rosent76 on Jan 18, 2020

djofnc

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Reply #1 on: Jan 18, 2020
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rosent76

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Reply 2 on: Jan 18, 2020
Great answer, keep it coming :)

parshano

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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