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Answer:
The CPI increased 3.42% in Month 2.
Step-by-step explanation:
In a spreadsheet, the weighted sum is easily computed using the SUMPRODUCT( ) function. It multiplies the corresponding values of two arrays, then returns the sum of those products. If one of the values is a weight, then the result is a weighted sum.
Your CPI is computed as the weighted sum of the prices of the individual products. The percentage change is computed in the usual way:
pct change = ((new value)/(old value) -1) × 100%
Of course, the spreadsheet can format a fraction as a percentage, so the computation of the change can stop after 1 is subtracted from the ratio.
Hi there,
Your question is "twice a number (x) is fifty"
Recall how a number is represented by x.
Twice a number would be represented as 2x.
Therefore, to represent that twice a number is equal to 50, that would result in the expression:
If you're looking to solve this equation, it's often best to think about the "reverse" of the current equation.
Notice how 2 is multiplying the x.
To isolate x, divide that side by 2.
However, recall that whatever is done to one side of an equation must also be done to the other side of the equation. Therefore, you will need to divide both sides by 2.
Equation:
Solving for x: 25
Hope that helps!