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The Price of a New Car Increased by 2/3 Over

question 48

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The price of a new car increased by 2/3 over the last five years. If the original price of the car was $6,000, what is the price today?


Definitions:

Marketing Segmentation

The process of dividing a market into distinct subsets of consumers with similar needs or characteristics, allowing for targeted marketing strategies.

Different Groups

Distinct categories or clusters in which data points are divided based on specific characteristics or treatments.

Confidence

The feeling of trust or belief in someone or something; in statistics, it refers to the degree to which one can be certain in the accuracy of a result.

Proportion

A part, share, or number considered in comparative relation to a whole; a type of ratio.

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