to 1996 dollars. Is the result consistent with the entry in the accompanying minimum wage table? Click the icon to view the table of federal minimum wages. The 1978 minimum wage in 1996 dollars is $ (Round to the nearest cent as needed.) Federal Minimum Wages Year 1938 1939 1945 1950 1956 1961 1967 1968 1990 1974 1974 1976 1020 1978 1979 1004 1981 1901 1990 1990 1991 1996 1997 2007 2008 2009 Actual Dollars 1996 Dollars $2.78 $3.39 $3.49 $4.88 $5.77 $6.41 $6.58 $7.21 $6.37 $6.34 $0.25 $0.30 $0.40 $0.75 $1.00 $1.25 $1.40 $1.60 $2.00 $2.30 $2.65 $2.90 o ar $3.35 99.99 $3.50 $4.25 $4.75 $5.15 $5.85 $6.55 $7.25 $6.38 56.37 $6.27 $5.78 $4.56 $4.90 $4.75 $5.03 $4.42 $4.77 $5.12 X mi Consumer Price Index (CPI) (1982-1984 100) 1981 Year CPI Year CPI | Year CPI 1976 56.9 1989 124.0 2001 177.1 1977 60.6 1990 130.7 2002 179.9 1978 65.2 1991 136.2 2003 184.0 1979 72.6 1992 140.3 2004 188.9 1980 82.4 1993 144.5 2005 195.3 1900 1981 90.9 1994 148.2 2006 201.6 1982 96.5 1995 152.4 2007 207.3 1983 99.6 1996 156.9 2008 215.3 1984 103.9 1997 160.5 2009 214.5 1985 107.6 1998 163.0 2010 218.1 1986 109.6 1999 166.6 2011 224.9 1987 113.6 2000 172.2 2012 229.6 1988 118.3
to 1996 dollars. Is the result consistent with the entry in the accompanying minimum wage table? Click the icon to view the table of federal minimum wages. The 1978 minimum wage in 1996 dollars is $ (Round to the nearest cent as needed.) Federal Minimum Wages Year 1938 1939 1945 1950 1956 1961 1967 1968 1990 1974 1974 1976 1020 1978 1979 1004 1981 1901 1990 1990 1991 1996 1997 2007 2008 2009 Actual Dollars 1996 Dollars $2.78 $3.39 $3.49 $4.88 $5.77 $6.41 $6.58 $7.21 $6.37 $6.34 $0.25 $0.30 $0.40 $0.75 $1.00 $1.25 $1.40 $1.60 $2.00 $2.30 $2.65 $2.90 o ar $3.35 99.99 $3.50 $4.25 $4.75 $5.15 $5.85 $6.55 $7.25 $6.38 56.37 $6.27 $5.78 $4.56 $4.90 $4.75 $5.03 $4.42 $4.77 $5.12 X mi Consumer Price Index (CPI) (1982-1984 100) 1981 Year CPI Year CPI | Year CPI 1976 56.9 1989 124.0 2001 177.1 1977 60.6 1990 130.7 2002 179.9 1978 65.2 1991 136.2 2003 184.0 1979 72.6 1992 140.3 2004 188.9 1980 82.4 1993 144.5 2005 195.3 1900 1981 90.9 1994 148.2 2006 201.6 1982 96.5 1995 152.4 2007 207.3 1983 99.6 1996 156.9 2008 215.3 1984 103.9 1997 160.5 2009 214.5 1985 107.6 1998 163.0 2010 218.1 1986 109.6 1999 166.6 2011 224.9 1987 113.6 2000 172.2 2012 229.6 1988 118.3
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
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Transcribed Image Text:Use the average annual consumer price index table to convert the 1978 minimum wage from actual dollars
to 1996 dollars. Is the result consistent with the entry in the accompanying minimum wage table?
Click the icon to view the table of federal minimum wages.
The 1978 minimum wage in 1996 dollars is $.
(Round to the nearest cent as needed.)
Federal Minimum Wages
Year
1938
1939
1945
1950
1990
1956
1961
1967
1968
pe
1974
1976
1978
1979
1981
1990
1991
1996
1997
2007
2008
2009
Actual Dollars 1996 Dollars
$2.78
$3.39
$3.49
$0.25
$0.30
$0.40
$0.75
90.19
$1.00
$1.25
$1.40
91.00
$1.60
$2.00
22:00
$2.30
$2.50
$2.65
22.0
$2.90
222
$3.35
$3.50
$4.25
$4.75
$5.15
$5.85
$6.55
$7.25
$4.88
67.90
$5.77
$6.41
20.70
$6.58
$7.21
66.27
$6.37
20:37
$6.34
20:20
$6.38
20:30
$6.27
90:20
$5.78
$4.56
$4.90
$4.75
$5.03
$4.42
$4.77
$5.12
-
X
Average Annual
Consumer Price Index (CPI)
(1982-1984 = 100)
Year CPI Year CPI Year CPI
1976 56.9 1989 124.0 2001 177.1
1977 60.6 1990 130.7 2002 179.9
1978 65.2 1991 136.2 2003 184.0
1979 72.6 1992 140.3 2004 188.9
12.0
1980 82.4 1993 144.5 2005 195.3
1900 02:4
1981
1961
90.9 1994 148.2 2006 201.6
1982 96.5 1995 152.4 2007 207.3
1983 99.6 1996 156.9 2008 215.3
1984 103.9 1997 160.5 2009 214.5
1985 107.6 1998 163.0 2010 218.1
1986 109.6 1999 166.6 2011 224.9
1987 113.6 2000 172.2 2012 229.6
1988 118.3
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