The table below shows hypothetical tuition costs at a Canadian university. Year Tuition 2005 $5,000 2006 $5,100 2007 $5,200 2008 $5,300 2009 $5,400 Refer to the table above. Assume that 2005 is used as the base year, with the index number = 100. The value of the index number in 2008 is calculated as follows: OA. 5,300/5,000 = 1.06. OB. 5,300/5,300 100 = 100. O C. (5,000/5,300) 100 = 94. OD. 5,000/5,300 = 0.94. OE. (5,300/5,000) 100 = 106. 4

The tabie below shows trypothetical fuibon costs at a Canadian university. Refor to the tatile above. Assume that 2005 is used as the base your, with the index number =100. The value of the index number in 2008 is calculated an foliows: A. 5,300,5,000=1.06. B. 5,300/5,300100=100. C. (5,000/5,300)100=94 D. 5,000,5,300=0,94. E. (5,300,5,060)100=106