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    Statistics for Business and Economics Study Set 2
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    Exam 20: Index Numbers
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    The Prices of a College Statistics Workbook for the Years
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The Prices of a College Statistics Workbook for the Years

Question 15

Question 15

Essay

The prices of a college Statistics workbook for the years 2008 through 2013 are shown below. The prices of a college Statistics workbook for the years 2008 through 2013 are shown below.    a.Determine the price relatives for the years 2008 through 2013. Let 2008 be the base period. b.Interpret the meaning of the price relative for 2009.
a.Determine the price relatives for the years 2008 through 2013. Let 2008 be the base period.
b.Interpret the meaning of the price relative for 2009.

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