-In the Above Table,the Inflation Rate Between 2008 and 2009

question 290

Multiple Choice

$$\begin{array} { | c | c | } \hline \text { Year } & \text { Price level } \\\hline 2008 & 91 \\\hline 2009 & 100 \\\hline 2010 & 110 \\\hline 2011 & 121 \\\hline\end{array}$$
-In the above table,the inflation rate between 2008 and 2009 is approximately

• A) 0.9 percent.
• B) 1 percent.
• C) 10 percent.
• D) 100 percent.

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Definitions:

Range

The difference between the highest and lowest values in a data set, reflecting the spread of values.

Interquartile Range

The difference between the 25th (Q1) and 75th (Q3) percentiles in a dataset, measuring the spread of the middle 50% of the data.

Lower Quartile

The value below which 25% of the data falls, also known as the first quartile.

Weights

Values assigned to various elements in a computation to reflect their importance.