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The table shows the consumer price index (CPI) every 5 years from 1955 to 2005. Year CPI 1955 16.8 1960 18.5 1965 20.0 1970
The table shows the consumer price index (CPI) every 5 years from 1955 to 2005. Year CPI 1955 16.8 1960 18.5 1965 20.0 1970 24.2 1975 34.5 1980 52.4 1985 75.0 1990 93.3 1995 104.2 2000 113.5 2005 127.3 Source: Statistics Canada, CANSIM Table 326-0002. a) Determine the average rate of change in the CPI from 1955 to 2005. b) Estimate the instantaneous rate of change in the CPI for i) 1965 ii) 1985 iii) 2000
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Mathematical Applications for the Management Life and Social Sciences
Authors: Ronald J. Harshbarger, James J. Reynolds
11th edition
9781337032247, 9781305465183, 1305108043, 1337032247, 1305465180, 978-1305108042
