The Consumer Price Index (CPI) Is Calculated by Averaging the Prices

question 69

Multiple Choice

The consumer price index (CPI) is calculated by averaging the prices of various items after assigning a weight to each item. The following table gives the consumer price indexes for selected years from 1940 through 2002, reflecting buying patterns of all urban consumers. Find an equation that models these data and use it to predict the consumer price index in 2015. Use the model to predict the consumer price index in 2015. Round your answer to two decimal places. ​ ​
Source: U.S. Bureau of the Census
​

• A)76.47
• B)129.14
• C)169.33
• D)216.39
• E)326.77

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