How do rates help you describe real-life problems
Q: The "Love Our Earth" organization has promoted “Bring Your Own Cup" for years. A recent survey…
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Q: Many factors influence the retail price of gasoline. Suppose the following table shows the average…
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How do rates help you describe real-life problems
First understand definition of rate
* Rate is used for the comparison of two measurements of different units.
It defines relationship between both measurement of different units.
Rate = ratio of two different units measurement
Step by step
Solved in 3 steps
- Many factors influence the retail price of gasoline. Suppose the following table shows the average retail price for a gallon of regular grade gasoline for each year from 2011 through 2014. (Round your answers to one decimal place.) Year Average Price ($) 2011 3.526 2012 3.608 2013 3.505 2014 3.368 (a) Use 2011 as the base year and develop a price index for the retail price of a gallon of regular grade gasoline over this four-year period. 2011 price index 2012 price index 2013 price index 2014 price index (b) Use 2012 as the base year and develop a price index for the retail price of a gallon of regular grade gasoline over this four-year period. 2011 price index 2012 price index 2013 price index 2014 price indexcan you go through the steps in detail, please? I want to understand the logicsection 13.1
- I just need help with the last portion of these questions.What’s the quickest way to solve questions like this?The Western community is composed of students, staff, and faculty. Students make up 55% of the Western community, staff make up 20%, and the rest are faculty. This past year 30% of students opted to get vaccinated for influenza, compared to 20% of staff and 90% of faculty. Based on this information what fraction of the Western community was vaccinated for influenza? Number (give at least five decimal places).
- Many factors influence the retail price of gasoline. Suppose the following table shows the average retail price for a gallon of regular grade gasoline for each year from 2011 through 2014. (Round your answers to one decimal place.) Year Average Price ($) 2011 3.511 2012 3.623 2013 3.500 2014 3.363 (a) Use 2011 as the base year and develop a price index for the retail price of a gallon of regular grade gasoline over this four-year period. 2011 price index 2012 price index 2013 price index 2014 price index (b) Use 2012 as the base year and develop a price index for the retail price of a gallon of regular grade gasoline over this four-year period. 2011 price index 2012 price index 2013 price index 2014 price indexThe percentage of high school seniors using alcohol decreased from 68.4% in 1975 to 52.4% now. Express this change in two ways: (1) as an absolute difference in terms of percentage points and (2) as a relative difference in terms of percent. (1) The percentage of high school seniors using alcohol decreased by (Round to the nearest tenth as needed.) percentage points. %. (2) The percentage of high school seniors using alcohol decreased by (Round to the nearest tenth as needed.)answer quickly
- If you efficiency measured in miles per gallon is a measure often considered by shoppers looking for a new car the scatterplot shows the vehicle way of 15 car models in pounds plotted against our highway fuel efficiency.Please state your opinions based upon what you have learned from the book. If you had $1,000 in your account, how would you build an investment portfolio? If you had $10,000 in your account, how would you build an investment portfolio? If your wealth increased to $100,000 or $1,000,000, then what would your investment portfolio look like? Based on your investment options, can you evaluate your risk level? If risk levels range from 1 to 10 with 10 being the most risky, which risk level are you in? You can relate those questions to your personnel experience/life. Think about your age, your income, your family issues, careers, etc. The write-up doesn't need to be professional or very long. No formal format is required. The project helps you think about the objectives of the course.complete sentences) 1. A high school guidance counselor analyzed data from a sample of 300 community colleges throughout the United States. One of his goals was to estimate the annual tuition costs of community colleges in the United States. Describe the population and variable of interest to the guidance counselor (also explain the definitions).
