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The Consumer Price Index (CPI), which measures the cost of a typical package of consumer goods, was 212.3 in 2011 and 23
Posted: Mon Jul 11, 2022 12:17 pm
by answerhappygod
- The Consumer Price Index Cpi Which Measures The Cost Of A Typical Package Of Consumer Goods Was 212 3 In 2011 And 23 1 (68.19 KiB) Viewed 53 times
The Consumer Price Index (CPI), which measures the cost of a typical package of consumer goods, was 212.3 in 2011 and 238.8 in 2016. Let x = 11 correspond to the year 2011 and estimate the CPI in 2013 and 2015. Assume that the data can be modeled by a straight line and that the trend continues indefinitely. Use two data points to find such a line and then estimate the requested quantities. Let y represent the CPI. The linear equation that best models the CPI is (Simplify your answer. Use integers or decimals for any numbers in the equation. Round to the nearest hundredth as needed.)