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The fixed basket of Econoland consists of 10 units of A, 20 units of B, and 30 units of C. Current prices are $1 per unit of A, $2 per unit of B, and $3 per unit of C. Base year prices are $1 for each unit of A, B, and C. What is the CPI in the current year?
Strategic Objective
A long-term goal set by a business or organization to guide its mission and influence decision-making.
Statistical Analysis
The process of collecting, exploring, and presenting large amounts of data to discover underlying patterns and trends.
Cognitive Bias
A systematic pattern of deviation from norm or rationality in judgment, whereby inferences about other people and situations may be drawn in an illogical fashion.
Online Customer Satisfaction
The level of happiness and contentment customers feel from engaging with a company's online services or eCommerce platform.
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