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Find the standard divisor for the given situation. Round your answer to two decimals.
-A university has 25 scholarships to be apportioned among the engineering students based on the Enrollment in each department. There are three departments - Mechanical Engineering (M) , Electrical Engineering (E) , and Civil Engineering (C) . The number of students in each department Is given in the following table.
Disinflation
A reduction in the rate of inflation, indicating a slowdown in the rate at which prices increase.
CPI
Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, used to assess inflation.
Base Year
A reference year against which economic growth or inflation is measured, often using indices in real GDP calculations or price levels.
Structural Unemployment
A form of unemployment caused by a mismatch between the skills that workers offer and the skills demanded by employers, often due to technological changes or shifts in the economy.
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