Concept explainers
The Consumer Price Index (CPI) is a measure of inflation obtained by comparing current prices with base prices in 1982–84. We can find the inflation rate for a given time period by calculating the percent of change in the CPI over that time period. For example, the CPI in 2005 was 195.3 and in 2009 it was 214.5, so the inflation rate was
Effect of inflation on the cost of jeans.
a. Calculate the inflation rate from 1990 to 2015.
b. If a pair of jeans cost $80 in 2015, use the inflation rate from part (a) to estimate what the cost of jeans would have been in 1990.
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Mathematics All Around-Workbook
- 2. (i) Which of the following statements are true? Construct coun- terexamples for those that are false. (a) sequence. Every bounded sequence (x(n)) nEN C RN has a convergent sub- (b) (c) (d) Every sequence (x(n)) nEN C RN has a convergent subsequence. Every convergent sequence (x(n)) nEN C RN is bounded. Every bounded sequence (x(n)) EN CRN converges. nЄN (e) If a sequence (xn)nEN C RN has a convergent subsequence, then (xn)nEN is convergent. [10 Marks] (ii) Give an example of a sequence (x(n))nEN CR2 which is located on the parabola x2 = x², contains infinitely many different points and converges to the limit x = (2,4). [5 Marks]arrow_forward2. (i) What does it mean to say that a sequence (x(n)) nEN CR2 converges to the limit x E R²? [1 Mark] (ii) Prove that if a set ECR2 is closed then every convergent sequence (x(n))nen in E has its limit in E, that is (x(n)) CE and x() x x = E. [5 Marks] (iii) which is located on the parabola x2 = = x x4, contains a subsequence that Give an example of an unbounded sequence (r(n)) nEN CR2 (2, 16) and such that x(i) converges to the limit x = (2, 16) and such that x(i) # x() for any i j. [4 Marksarrow_forward1. (i) which are not. Identify which of the following subsets of R2 are open and (a) A = (1, 3) x (1,2) (b) B = (1,3) x {1,2} (c) C = AUB (ii) Provide a sketch and a brief explanation to each of your answers. [6 Marks] Give an example of a bounded set in R2 which is not open. (iii) [2 Marks] Give an example of an open set in R2 which is not bounded. [2 Marks]arrow_forward
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