Question
1.(4points) In January 2001, the price for a whole fresh chicken was 1.99 per kilogram.In September 2014, the price for the same chicken was $5.49.(Round
1.(4points) In January 2001, the price for a whole fresh chicken was 1.99 per kilogram.In September 2014, the price for the same chicken was $5.49.(Round thefinal answers to 1 decimal place.)
(a) Use the January 2001 price as the base period and 100 as the base value todevelop a simple index.
(b) Bywhat percentage has the cost of chicken increased during the 10-year period?
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Linear Algebra A Modern Introduction
Authors: David Poole
4th edition
1285463242, 978-1285982830, 1285982835, 978-1285463247
