AB Jackson Industries installed a compressor and pump system in 2013 at a cost of $91.950 If the FRED equipment cost index apple What will be the estimated cost for a similar system when the index value in 284 87 TABLE 15-3 Samples of Annual Cost Index Values FRED Industrie FRED Consumer Price Year Index (CPI) (1982-84- Production: Tota! CE Plant Cost Index Index (INDPRO) 100) (2017-100) (1957 ERED Pumps. Compressors, and (CEPCI) Equipment Index -59-100) (Dec. 1982=100) 2013 233.0 99,3 567.3 2352 2014 236.7 102.3 5761 240 5 2015 2370 100.9 556.8 244 8 2016 240.0 98.7 541.7 2470 2017 245.1 100.0 567.5 251.5 2018 251.1 103.2 603.1 259.9 2019 255.7 102.3 607.5 266.4 2020 258.8 94.9 596.2 269.8 2021 280.13 101.7 708.0 291.7 2022 (est.) 296.28 104.8 833.3 326.8 me cost for a similar system when the index value is 284.8 is determined to be $ ole number.) (Round the final answer to the nearest
AB Jackson Industries installed a compressor and pump system in 2013 at a cost of $91.950 If the FRED equipment cost index apple What will be the estimated cost for a similar system when the index value in 284 87 TABLE 15-3 Samples of Annual Cost Index Values FRED Industrie FRED Consumer Price Year Index (CPI) (1982-84- Production: Tota! CE Plant Cost Index Index (INDPRO) 100) (2017-100) (1957 ERED Pumps. Compressors, and (CEPCI) Equipment Index -59-100) (Dec. 1982=100) 2013 233.0 99,3 567.3 2352 2014 236.7 102.3 5761 240 5 2015 2370 100.9 556.8 244 8 2016 240.0 98.7 541.7 2470 2017 245.1 100.0 567.5 251.5 2018 251.1 103.2 603.1 259.9 2019 255.7 102.3 607.5 266.4 2020 258.8 94.9 596.2 269.8 2021 280.13 101.7 708.0 291.7 2022 (est.) 296.28 104.8 833.3 326.8 me cost for a similar system when the index value is 284.8 is determined to be $ ole number.) (Round the final answer to the nearest
Chapter1: Making Economics Decisions
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Transcribed Image Text:AB Jackson Industries installed a compressor and pump system in 2013 at a cost of $91.950 If the FRED equipment cost index apple
What will be the estimated cost for a similar system when the index value in 284 87
TABLE 15-3
Samples of Annual Cost Index Values
FRED Industrie
FRED Consumer Price
Year
Index (CPI)
(1982-84-
Production: Tota! CE Plant Cost Index
Index (INDPRO)
100) (2017-100) (1957
ERED Pumps.
Compressors, and
(CEPCI)
Equipment Index
-59-100) (Dec. 1982=100)
2013
233.0
99,3
567.3
2352
2014
236.7
102.3
5761
240 5
2015
2370
100.9
556.8
244 8
2016
240.0
98.7
541.7
2470
2017
245.1
100.0
567.5
251.5
2018
251.1
103.2
603.1
259.9
2019
255.7
102.3
607.5
266.4
2020
258.8
94.9
596.2
269.8
2021
280.13
101.7
708.0
291.7
2022 (est.)
296.28
104.8
833.3
326.8
me cost for a similar system when the index value is 284.8 is determined to be $
ole number.)
(Round the final answer to the nearest
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