Customer price index is the price index which measures the weight average of price of basket of customers goods or services. The reasonable estimate of the current customer price index is 195. The option B is the correct option.
Given information-
The data table for the given problem is attached below.
<h3>Customer price index</h3>
Customer price index is the price index which measures the weight average of price of basket of customers goods or services. It can be given as,
Here is the cost of market basket in current period and is the cost of market basket in the base period.
Cost of market basket in current period is.
Cost of market basket in 1983 is,
Put the value in the customer price index formula,
Thus the value of current CPI is 190.5 which is near about the 195.
Hence the reasonable estimate of the current customer price index is 195. The option B is the correct option.
Learn more about the customer price index here;
brainly.com/question/25495502
Answer:
6/5÷31/10=12/31
Step-by-step explanation:
6/5÷31/10=?Dividing two fractions is the same as multiplying the first fraction by the reciprocal (inverse) of the second fraction.
Take the reciprocal of the second fraction by flipping the numerator and denominator and changing the operation to multiplication. Then the equation becomes
6/5×10/31=?
For fraction multiplication, multiply the numerators and then multiply the denominators to get
6×10 5×31=60/155
This fraction can be reduced by dividing both the numerator and denominator by the Greatest Common Factor of 60 and 155 using
GCF(60,155) = 5
60÷51 55÷5=12/31
Therefore:
65÷3110=12/31
Answer:
Adult: 50 tickets
Child: 34 tickets
Step-by-step explanation:
Let a be the amount of adult tickets
Let c be the amount of child tickets
Equation:
a + c = 84
14a + 9c = 1,006
Step 1: Multiply a + c = 84 with -9, to canceled c.
-9 (a + c = 84) → -9a - 9c = -756
14a + 9c = 1006 → 14a + 9c = 1006
Step 2: Combined the 2 equation together, and solved it.
-9a - 9c = -756
<u>14a + 9c = 1006</u>
<u> 5a</u> = <u>250</u>
5 5
a = 50
Step 3: Plug 50 into the one of the equation, and solved it.
a + c = 84 → 50 + c = 84
<u>-50 -50</u>
c = 34
Answer: Adult tickets (a) = 50 and Child tickets (c) = 34
To check the answer plug the two number into the equation ( Make sure to add 50 for a and 34 for c).
Step-by-step explanation:
6-15x-6-10x
put the like terms together and it's now -15x-10x+6-6
-25+6-6
=-25