The following table provides the values of the simple price index for watches in a country. 
If the base year is revised from 2006 to 2007,calculate the updated index for 2008.
Definitions:
Sample
A segment of the broader population selected for analysis, assessment, or interrogation to obtain information that reflects the characteristics of the entire population.
Nominal
Relating to data that can be categorized but not ranked; involves naming or labeling categories.
Interval
A range or distance between two points or values, often referring to time or space.
Level Of Measurement
The classification of a variable depending on how its values can be measured or categorized, such as nominal, ordinal, interval, or ratio.
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