Identify the six price indexes in Table 2 1 that result from using the price from 1970 as the reference value TABLE 2 1 Average Gasoline Prices (per gallon) Price as a percentage of 1980 price 25 4 29 5 100 0 100 8 1279 232 8 Price index (1980 100) 25 4 29 5 100 0 100 8 127 9 232 8 Year Price 1960$...

To determine the gasoline price index using the 1970 ...

Identify the six price indexes in Table 2.1 that result from using the price from 1970 as

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Identify the six price indexes in Table 2.1 that result from using the price from 1970 as the reference value.

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Statistical Reasoning for Everyday Life

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Identify the six price indexes in Table 2.1 that result from using the price from 1970 as

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TABLE 2.1 Average Gasoline Prices (per gallon) Price as a percentage of 1980 price 25.4% 29.5% 100.0% 100.8% 1279% 232.8% Price index (1980# 100) 25.4 29.5 100.0 100.8 127.9 232.8 Year Price 1960$0.31 1970 $0.36 1980 $1.22 1990 $1.23 2000 $1.56 2010 $2.84

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