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Solve the Problem. -Suppose That the Cost of a Statistics Text Was $65

Question 117

Multiple Choice

Solve the problem.
-Suppose that the cost of a statistics text was $65 in 1985 and is $105 in 2000. What is the "Statistics Text Index" number, rounded to the nearest tenth, for the 1985 edition with the 2000 price as the reference value?


A) 1.6
B) 161.5
C) 61.9
D) 0.6

Correct Answer:

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