If the CPI Is 230 in Year 1 and 249

question 135

Multiple Choice

If the CPI is 230 in year 1 and 249 in year 2,what is the approximate percentage change in prices between the two years?

• A) 7.6 percent
• B) 8.3 percent
• C) 15.7 percent
• D) 11.4 percent
• E) 6.0 percent

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Definitions:

Probabilities

The measure of the likelihood that an event will occur, quantified as a number between 0 and 1.

Intuitive Thinkers

Individuals who rely on intuition and instinct rather than logical analysis when making decisions.

Step-by-step Fashion

A methodical approach where a task or process is broken down into smaller, manageable steps to be followed in sequence.

Alternatives

In decision-making, these are the different options or choices available to individuals or organizations from which they can choose.