The Following Table Shows the Value of CPI for Three

question 119

Multiple Choice

The following table shows the value of CPI for three years in a country. Which of the following is the annual inflation rate for 2005?

• A) 1.46%
• B) 3.36%
• C) 4.87%
• D) 1.8%

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Definitions:

Independently

Without being influenced or affected by other factors or variables.

Standard Error

The estimate of the standard deviation of a sampling distribution.

Sample Mean

The average value of all the observations in a sample, calculated as the sum of the observations divided by the number of observations.

Standard Deviation

A measure of the dispersion or variability of a set of data points, indicating how spread out the numbers are.