If the CPI Changes from 125 to 120 Between 2015

question 258

Multiple Choice

If the CPI changes from 125 to 120 between 2015 and 2016,how did prices change between 2015 and 2016?

• A)Prices increased by 5%.
• B)Prices decreased by 5%
• C)Prices increased by 25%.
• D)Prices decreased by 4%.

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Definitions:

Height Measurements

The quantification of a person's stature from the base to the top of the head while standing upright.

Weight Measurements

The determination of the mass of an object or body, often involving scales and expressed in units such as kilograms or pounds.

Inferential Statistics

A branch of statistics that uses a sample of data to make generalizations or predictions about a larger population.

Correlation

A statistical measure that expresses the extent to which two variables change together, indicating the strength and direction of their relationship.