The Table Shows the Prices and the Quantities Consumed in Carnivore

question 11

Multiple Choice

The table shows the prices and the quantities consumed in Carnivore Country. The base year is 2013. This means that 2013 is the year the typical basket was determined so the quantities consumed in 2013 are the only quantities needed to calculate the CPI in each year. ?
$\begin{array}{l}\text { Table }\\\begin{array}{|c|c|c|c|c|}\hline \text { Year } & \begin{array}{c}\text { Price of } \\\text { beef }\end{array} & \begin{array}{c}\text { Quantity of } \\\text { beef }\end{array} & \begin{array}{c}\text { Price of } \\\text { pork }\end{array} & \begin{array}{c}\text { Quantity of } \\\text { pork }\end{array} \\\hline 2013 & € 2.00 & 100 & € 1.00 & 100 \\\hline 2014 & 2.50 & 90 & 0.90 & 120 \\\hline 2015 & 2.75 & 105 & 1.00 & 130 \\\hline\end{array}\end{array}$
Refer to the table above. What are the values of the CPI in 2013, 2014, and 2015, respectively?

• A) 83.5, 94.2, 100
• B) 100, 113.3, 125
• C) None of these answers
• D) 100, 111, 139.6
• E) 100, 109.2, 116

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Definitions:

Variability

The extent to which data points in a statistical distribution or data set diverge from the average or mean, indicating the dispersion in the dataset.

Mean

The arithmetic average of a set of numbers, found by dividing the sum of all numbers in the set by the count of numbers.

Qualitative Variables

Variables that describe or categorize attributes or characteristics that are not numerical but can be observed qualitatively.

Summarized

The presentation of data or information in a condensed form, highlighting the main points or statistics.