If the CPI This Year Is 175

question 383

Essay

If the CPI this year is 175.2 and next year the CPI is 176.1, what was the inflation rate over the year?

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Definitions:

Degrees Fahrenheit

A scale of temperature on which water freezes at 32° and boils at 212° under standard conditions.

Domain

The collection of all potential x-values for which a given function exists.

Range

The difference between the highest and lowest values in a set of data, or the set of all possible values of a function.

\(f ( x )\)

Represents a function of x, a way to show the relationship between x (input) and f(x) (output) in mathematical terms.