Suppose That the Cost of a Statistics Text Was $55

question 4

Multiple Choice

Suppose that the cost of a statistics text was $55 in 1985 and is $90 in 2000. What is the 'Statistics Text Index' number, rounded to the nearest tenth, for the 1985 edition with the 2000 price as the reference value?

• A) 0.6
• B) 163.6
• C) 1.6
• D) 61.1

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Definitions:

International Level

Pertaining to or involving two or more nations or the global scope of activities.

Employee Association

An organization that represents the collective interests of employees, often in negotiations with the employer.

Certified Union

A labor union that has been officially recognized and approved to represent workers in bargaining and legal matters.

Wage Negotiations

The process where employees and employers discuss and agree upon the terms of payment for work done.