Question
The Consumer Price Index is reported monthly by the U.S. Bureau of Labor Statistics. It reports the change in prices for a market basket of
The Consumer Price Index is reported monthly by the U.S. Bureau of Labor Statistics. It reports the change in prices for a market basket of goods from one period to another. The index for 1998 was 166.5. By 2015, it increased to 286.6.
What was the geometric mean annual increase for the period?
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Basic College Mathematics
Authors: Elayn El Martin Gay
5th Edition
0321983173, 9780321983176
