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 ($)20113.53120123.61820133.51520143.348(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 100100.02012 price index2013 price indexXX100.12014 price index100.1X(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 indexX100.02012 price index1002013 price index100.0X2014 price index 100.1X

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Answered: Many factors influence the retail price…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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In the last three years, there have been changes of 55%, 3% and 2% in the production amount of a good, respectively. What is the geometric mean of the annual rate of change?
The stacked column graph below shows additional information from the Bureau of Labor Statistics¹ about employment and education for two groups of workers in the United States compared with the graph discussed in the in-class activity. This graph includes data about workers aged 65 and older. Percentage Employment distribution of workers by education 1997 and 2007 2007 Age 65 and older Pocholode higher's degree. college or associate graduates college mless than a high school. diploma Part A: Use the graph to estimate the following information for the Age 65 and older group and complete the following table. 2007 Age 65 and older 1997 % % % % % % Bachelor's degree or higher Some college or associate degree High school graduates, no college % % Less than a high school diploma % AP % Total
Use the most accurate method to forecast the revenues of licenses, permits, and fees in Years 9, 10, and 11. Use the Year 8 actual figure instead of the forecast figure (Year 8 was $23,210,218). Also, consider three incremental changes in forecasting.
is this correct?
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The following table shows the average monthly production of coal in tonnes for the year 2010-2019. Year Production (in tonnes) Year Production (in tonnes) 2010 50.0 2015 38.1 2011 36.5 2016 32.6 2012 43.0 2017 41.7 2013 44.5 2018 41.1 2014 38.9 2019 33.8 Compute the price indices from 2010 to 2019 by taking 2019 as the base year. Compare the price of 2014 and 2017. What is the percentage (%) change in the production from 2016 to 2019?
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