The prices of consumer goods do not always exactly follow the CPI. The following chart shows several consumer items, along with their respective prices in 1983 and today.
Item
Price in 1983 ($)
Current Price ($)
Pair of boots
67.45
126.85
Hair dryer
15.25
29.95
Box of tissues
1.15
2.25
Toaster
22.85
44.25
Using the prices shown on this chart, which of the following is a reasonable estimate of the current CPI?
a.
208
b.
195
c.
180
d.
173
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The prices of consumer goods do not always exactly follow the CPI. The following chart shows several consumer items, along with their ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
New Questions in Mathematics
The Chinese system presented in the text has symbols for 1 through 9, and also for 10, 100, and 1000. What is the greatest number expressible in that system?
Answers (1)
Convert each measure to degrees. Round answers to the nearest hundredth if needed. a.) π/9 b.) - 2π/3
Answers (1)
Include sales tax 6% an inn charges $265 per night. find the cost before taxes
Answers (1)
A law firm has five senior and six junior partners. A committee of three partners is selected at random to represent the firm at a conference. What is the probability that at least one of the junior partners is on the? committee?
Answers (1)
Find the circumference of each circle with the given radius or diameter. Round to the nearest tenth. Use 3.14 for T. d = 14.2 mm
Answers (1)