Suppose that the CPI in year five equals 123 and in year 6 equals 130. What was the inflation rate in year 6?

Question

Thank you,
Megan

130/123 = 1.057 Ergo, 5.7%

Answer 1

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Find the mean absolute deviation (MAD) of the data

98 132 295 68 176 89 287 198 94 68 240 94 369 94 155