What does the index value of 23.1 in 1970 mean? Why? Group of answer choices Gas in 1970 cost 0.231cents per gallon, because the gas price index measures the cost per gallon. Gas in 1970 cost 23.1 times as much as gas in 2000, because the ratio of the gas price index in 1970 to the gas price index in 2000 is 23.1. Gas in 1970 cost 0.231 times as much as gas in 2000, because the ratio of the gas price index in 1970 to the gas price index in 2000 is 0.231. Gas in 1970 cost 23.1cents per gallon, because the gas price index measures the cost per gallon.
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
What does the index value of 23.1 in 1970 mean? Why?
Gas in 1970 cost 23.1cents per gallon, because the gas price index measures the cost per gallon.
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