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A researcher questioned 45 randomly-selected members of the freshman class about their experiences drinking alcohol and used these responses to estimate the drinking behavior of the entire freshman class of 1500. In this example, the 45 interviewees were the __________ and the ___________ was the population.
Current Year CPI
Current Year CPI refers to the Consumer Price Index for the current year, indicating the level of inflation or deflation in the economy by measuring changes in the price level of a set of consumer goods and services.
Base Year
A specific year against which economic growth, prices, or other data are measured and compared in terms of indices or other statistical measurements.
Basket Of Goods
A collection of products or services considered representative for purposes of measuring inflation or cost of living.
Base Year
A specific year against which economic or financial data is compared to measure changes and trends over time.
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