State whether the following statement is true or false, and explain why. If the statement is false, state the true change. If the price of avocados increases by 30% for four consecutive months, then the price of avocados increased by 120% over the four-month period. Choose the correct answer below and fill in the answer box to complete your choice.
State whether the following statement is true or false, and explain why. If the statement is false, state the true change. If the price of avocados increases by 30% for four consecutive months, then the price of avocados increased by 120% over the four-month period. Choose the correct answer below and fill in the answer box to complete your choice.
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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State whether the following statement is true or false, and explain why. If the statement is false, state the true change.
If the price of avocados increases by 30% for four consecutive months, then the price of avocados increased by 120% over the four-month period.
Choose the correct answer below and fill in the answer box to complete your choice.
The statement is true because 4×30%=120%4×30%=120%.
The statement is false because each year there is a different reference value.
The statement is false because each year there is a different reference value.
What percentage did the avocados increase by?
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