TABLE 16-14
Given Below Are the Average Prices for Three

question 13

Short Answer

TABLE 16-14
Given below are the average prices for three types of energy products in the United States from 1992 to 1995.
$$\begin{array} { c c c c } \text { Year } & \text { Electricity } & \text { N atural Gas } & \text { Fuel Oil } \\1992 & 43.205 & 25.893 & 0.892 \\1993 & 16.959 & 28.749 & 0.969 \\1994 & 47.202 & 28.933 & 1.034 \\1995 & 48.874 & 29.872 & 0.913 \\1996 & 48.693 & 28.384 & 0.983\end{array}$$
-Referring to Table 16-14, what are the simple price indexes for electricity, natural gas and fuel oil, respectively, in 1995 using 1992 as the base year?

---

Definitions:

Reservation

The act of holding or booking a place, item, or service for future use, or a doubt or objection raised regarding a particular point or proposal.

Delimitation

The process of establishing boundaries or limits, often used in research to define the scope of a study.

Inductive Organization

A method of structuring information that starts with specific instances or evidence and builds toward a general conclusion.

Subjective Nature

The characteristic of being based on or influenced by personal feelings, tastes, or opinions rather than external facts.