Answer:
$12.78.
Step-by-step explanation:
To determine the expected price of a good in 2000, knowing that in 2015 it cost $ 17.6 and that the consumer price indexes were worth 172.2 in 2000 and 237.017 in 2015, the following calculation must be performed:
237.037 = 17.6
172.2 = X
X = 172.2 x 17.6 / 237.037
X = 3,030.72 / 237.037
X = 12.78
Thus, the expected price of the good in the year 2000 is $ 12.78.
Answer:
$62
Step-by-step explanation:
I think there is some missing information. Primarily what the price of the 'Viola' is. Also, I think there might be something else missing, since the obvious answer would be the highest value $62.00
I assume you are being asked to solve these equations. Since there wasn't an explanation as to how you are expected to solve them, I chose to demonstrate how to use a calculator matrix function. You can find matrix calculators online. My instructions are for a TI-84
Push the blue 2nd button then push x^-1 button (it says matrix above this button in blue)
Arrow over to edit to change the dimensions of the matrix and to put in your values. You have 3 equations (3 rows) and 4 terms (4 columns) so you put a 3x4 in for the dimension and the coefficients (see images).
You use the rref option in the math column in matrix to calculate the answer.
The numbers at the end are the solutions. x = -4, y = 2, z = -1
The slope is -4, the y-intercept is 0.
8x-5=19
+5 on each side
8x=24
Divide by 8 on each side.
X=3