Answer:
Higher
Step-by-step explanation:
1) In Macroeconomics, The core inflation rate does not include food and energy since these categories are way more volatile, due to oil and season matters. And statistically this measure looks for more robust items, to compose the core inflation in a more accurate way. The Consumer Prices Index (CPI) is the metric used for the cost of living.
Another Index, used by the Fed is the PCE, for the goods and services consumed by the US residents.
So, the Core inflation is based on CPI and PCE, <em>Personal Consumption Expenditure</em> therefore the inflation rate for the past year was higher than 4%, for it is not solely based on CPI index.
Not necessarily. the absolute value of a number is that number's distance from 0 on a number line. if your taking the absolute value of a negative value, what you stated would be true. however, what if you took the absolute value of a positive number? hope that answers your question.
700. To find out what number a value is ten times as much as, divide by 10.
Answer:
CI = 29.8 ± 3.53
Critical value is z = 2.58
Step-by-step explanation:
First of all let's find margin of error. It is given by the formula;
ME = zσ/√n
We are given;
Standard deviation; σ = 3.62
Sample size; n = 7
Mean; x¯ = 29.8
Now, z-value for 99% Confidence level is 2.58
Thus;
ME = (2.58 × 3.62)/√7
ME = 3.53
CI is written as;
CI = x¯ ± ME
CI = 29.8 ± 3.53
Critical value is z = 2.58
