Solve the Problem. -Suppose That the Cost of a Statistics Text Was $55

question 30

Multiple Choice

Solve the problem.
-Suppose that the cost of a statistics text was $55 in 1985 and is $105 in 2000. What is the "Statistics Text Index"
Number, rounded to the nearest tenth, for the 2000 edition with the 1985 price as the reference value?

• A)1.9
• B)19.1
• C)52.4
• D)190.9

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Definitions:

Social Hierarchy

A system or organization in which people or groups are ranked one above the other according to status or authority.

Teleology

Teleology is the philosophical study of design and purpose in nature, suggesting that all things have inherent goals or ends towards which they strive.

Social Structures

Denotes the complex framework of societal institutions (like legal codes, organized religion, and political systems) and the patterns of social organization that shape a society's typical activities.

Different Degrees

Variations or levels of intensity, severity, or magnitude in a given context.