The Consumer Price Index (CPI)is a Measure of the Relative

question 28

Multiple Choice

The consumer price index (CPI) is a measure of the relative cost of goods in the a given country for a particular year.The table below shows the CPI for a country for the stated years beginning in 1940.
Re-express the CPI.Then determine the regression equation and correlation coefficient for the re-expressed data.

• A)Re-expression: log(CP
• I);y = 0.0184x - 34.5699,r = 0.9874
• B)Re-expression: - log(CP
• I);y = -0.0184x - 34.5699,r = 0.9780
• C)Re-expression: ;y = 0.0295x - 32.2299,r = 0.9874
• D)Re-expression: - ;y = 0.0755x - 36.9099,r = 0.9856
• E)Re-expression: ;y = 0.0184x - 34.5699,r = 1.0379

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