In January 2003, the price for a whole fresh chicken was $1.004 per pound. In February 2016,
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In January 2003, the price for a whole fresh chicken was $1.004 per pound. In February 2016, the price for the same chicken was $1.475 per pound. Use the January 2003 price as the base period and 100 as the base value to develop a simple index. By what percent has the cost of chicken increased?
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Related Book For
Statistical Techniques in Business and Economics
ISBN: 978-1259666360
17th edition
Authors: Douglas A. Lind, William G Marchal
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