The average price of a medium coffee at Wakeup Coffee Shop in each of the past ten years is given in the table below. Yearly Annual Coffee Prices 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 $1.05 $1.10 $1.14 $1.20 $1.25 $1.25 $1.33 $1.35 $1.45 $1.49 Construct an annual 'coffee price index' for this time period using 2005 as the base year. [Hint: follow the procedure detailed in the chapter divide each yearly price by the base year price.] Answer the following question using this: 1 Based on your index, what was the average annual percentage change in the price of coffee from 2005 to 2010? O 28.6% O 3.8% O 3.3% O - 2.0%
The average price of a medium coffee at Wakeup Coffee Shop in each of the past ten years is given in the table below. Yearly Annual Coffee Prices 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 $1.05 $1.10 $1.14 $1.20 $1.25 $1.25 $1.33 $1.35 $1.45 $1.49 Construct an annual 'coffee price index' for this time period using 2005 as the base year. [Hint: follow the procedure detailed in the chapter divide each yearly price by the base year price.] Answer the following question using this: 1 Based on your index, what was the average annual percentage change in the price of coffee from 2005 to 2010? O 28.6% O 3.8% O 3.3% O - 2.0%
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
Problem 2CYU
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