Answer:
$677.18
Step-by-step explanation:
Data provided in the question:
Bill’s nominal income in 1990 = $1,009 per month
CPI value in the year 1990 = 149
CPI value in the year 2017 = 192
Now,
The Consumer price index ( CPI ) is given as :
CPI =
thus,
for the given case of year 1990
149 =
or
Real income in 1990 =
or
Real income in 1990 = $677.18
Answer:
0.48 or 48%
Step-by-step explanation:
The relative frequency of wins for the basketball team in question is given by the number of wins over the course of the 25 games, divided by the total number of games.
Observing the given data, 12 'Ws' can be counted, which means that the relative frequency of wins is:
The relative frequency of wins is 0.48 or 48%.