Given below are two price index series. Splice them on the base 1974 = 100. By what percentage did the price of steel rise between 1970 and 1975 ? %3D Old Price Index for steel base (1965 = 100) New Price Index for steal base (1974 = 100) Year || 1970 1971 1972 1973 1974 1975 141.5 163.7 158.2 156.8 157.1 99.8 100.0 102.3
Given below are two price index series. Splice them on the base 1974 = 100. By what percentage did the price of steel rise between 1970 and 1975 ? %3D Old Price Index for steel base (1965 = 100) New Price Index for steal base (1974 = 100) Year || 1970 1971 1972 1973 1974 1975 141.5 163.7 158.2 156.8 157.1 99.8 100.0 102.3
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
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Question
![33
Given below are two price index series. Splice them on the base
1974 = 100. By what percentage did the price of steel rise between 1970
and 1975 ?
%3D
Old Price Index
for steel base
(1965 100)
New Price Index
for steal base
(1974 = 100)
Year
1970
1971
1972
1973
1974
1975
141.5
163.7
158.2
156.8
157.1
99.8
100.0
102.3](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcbb71c6f-83e4-4ea9-ad3e-0472e67ab6a3%2F2230fc9c-02c3-4c9d-92e2-2c83601b330b%2F8vsjfis_processed.jpeg&w=3840&q=75)
Transcribed Image Text:33
Given below are two price index series. Splice them on the base
1974 = 100. By what percentage did the price of steel rise between 1970
and 1975 ?
%3D
Old Price Index
for steel base
(1965 100)
New Price Index
for steal base
(1974 = 100)
Year
1970
1971
1972
1973
1974
1975
141.5
163.7
158.2
156.8
157.1
99.8
100.0
102.3
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