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    Statistical Techniques Study Set 1
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    Exam 17: Index Numbers
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    If the Average Age Was $7
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If the Average Age Was $7

Question 40

Question 40

Multiple Choice

If the average age was $7.67 per hour in 1998 and $14.90 per hour last month, what is the index of hourly wages for last month based on the 1998 information?


A) 100.0
B) 186.9
C) 151.5
D) 194.3

Correct Answer:

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