Refer to table 6.3. The residents of Stationery World purchase pens and staplers from the year 2016 to 2020. If the base year is 2018, what is the CPI for the year 2019? Round your final answer to 1 decimal place. If the base year is 2018, what is the CPI for the year 2020? Round your final answer to 2 decimal places. If the base year is 2018, what is the inflation rate from 2019 to 2020? (Tip: Use your CPI calculations to calculate the inflation rate). Write your final answer as a percentage rounded to 2 decimal places.
Refer to table 6.3. The residents of Stationery World purchase pens and staplers from the year 2016 to 2020. If the base year is 2018, what is the CPI for the year 2019? Round your final answer to 1 decimal place. If the base year is 2018, what is the CPI for the year 2020? Round your final answer to 2 decimal places. If the base year is 2018, what is the inflation rate from 2019 to 2020? (Tip: Use your CPI calculations to calculate the inflation rate). Write your final answer as a percentage rounded to 2 decimal places.
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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Question
Refer to table 6.3. The residents of Stationery World purchase pens and staplers from the year 2016 to 2020.
If the base year is 2018, what is the CPI for the year 2019? Round your final answer to 1 decimal place.
If the base year is 2018, what is the CPI for the year 2020? Round your final answer to 2 decimal places.
If the base year is 2018, what is the inflation rate from 2019 to 2020? (Tip: Use your CPI calculations to calculate the inflation rate). Write your final answer as a percentage rounded to 2 decimal places.
![Table 6.3
Price of pens ($) | Quantity of
pens (in units)
Year
Price of staplers Quantity of
staplers (in
units)
($)
2016
500
7
340
2017
1.1
490
7.5
342
2018
1.15
488
7.6
338
2019
1.2
470
8
320
2020
1.1
485
10
280](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F38e994a7-262e-4233-8825-2d590712ffdb%2Fab60faef-ce87-41ba-a109-0489ad32435c%2Fe4f46j5_processed.png&w=3840&q=75)
Transcribed Image Text:Table 6.3
Price of pens ($) | Quantity of
pens (in units)
Year
Price of staplers Quantity of
staplers (in
units)
($)
2016
500
7
340
2017
1.1
490
7.5
342
2018
1.15
488
7.6
338
2019
1.2
470
8
320
2020
1.1
485
10
280
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