Solved

(Situation F) the Sales (In Thousands of Dollars) of Automobiles

Question 12

Essay

(Situation F) The sales (in thousands of dollars) of automobiles by the three largest American automakers from 1986 through 1992 are shown in the table below.  Year  G.M.  Ford  Chrysler 1986899358101796198771014328122519886762431312831989624442551182199077694934149419918256558520341992930555512157\begin{array} { l r c r } \hline \text { Year } & \text { G.M. } & \text { Ford } & \text { Chrysler } \\\hline 1986 & 8993 & 5810 & 1796 \\1987 & 7101 & 4328 & 1225 \\1988 & 6762 & 4313 & 1283 \\1989 & 6244 & 4255 & 1182 \\1990 & 7769 & 4934 & 1494 \\1991 & 8256 & 5585 & 2034 \\1992 & 9305 & 5551 & 2157 \\\hline\end{array}
-Using 1986 as the base year, find the simple composite index for 1992.

Correct Answer:

verifed

Verified

The simple composite index for...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions