Refer to the information in the following table:
Using the numerical examples in the table, show that the relative price of cellphones can fall on occasions where the price of those goods could be rising, falling, or remaining unchanged.
Definitions:
Average Number
The average number represents the central value or the arithmetic mean obtained by dividing the sum of a set of numbers by the count of numbers in the set.
System
An organized and interconnected set of elements and processes that define a complex whole within a particular environment.
Servicing Rate
The Servicing Rate is the percentage of a loan amount charged to service a loan, including management of the account, collections, and customer service.
Average Service Time
The mean time taken to complete a service task, often used as a metric in operations management and customer service analysis.
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