An item with a price relative of 132 cost $10.75 in 2009. Its base year was 1992.

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An item with a price relative of 132 cost $10.75 in 2009. Its base year was 1992.
a. What was the percentage increase or decrease in cost of the item over the 17-year period?
b. What did the item cost in 1992?

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Statistics For Business And Economics

ISBN: 9780538481649

11th Edition

Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams

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Question Posted: Sep 20, 2015 09:31 AM

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An item with a price relative of 132 cost $10.75 in 2009. Its base year was 1992.

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Statistics For Business And Economics

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