C . snhu.sophia.org/spcc/introduction-to-statistics-2-challenge-1-4/6/7380/index-number-and-reference-value-2 UNIT 1- CHALLENGE 4: Data

C a snhu.sophia.org/spcc/introduction-to-statistics-2-challenge-1-4/6/7380/index-number-and-reference-vlue-2 UNIT 1 CHALLENGE 4: Data 1 2 The following are the Consumer Price Index (CPI) for the years 1995-1997. All of the values use a reference year of 1990. 3 4 5 Jonathan Osters Sophia Ryan Bac Year 1995 1996 1997 CPI 114 128 -1143 1 Which of the following is true about the CPI, based on the information? O a.) $100 in 1995 would have been worth $114 in 1990. O b.) $100 in 1997 would be equivalent to $143 in 1996. O c.) $100 in 1996 would have been worth $100 in 1995. O d.) $100 in 1990 would be equivalent to $143 in 1997 Index Number and Re Sophia make Cavorie instructor PDF Version WHAT'S COVERED This tutorial is going to teach you about index through the definition and discussion of: 1. Index Numbers and Reference Values 2. Consumer Pric Index and Inflation