In the year 2008, the United States was just entering a major recession. You are researching how various consumer prices changed in the ten-year period starting in 2008 and ending in 2018. Suppose you have located the following chart listing various consumer purchases and their costs in 2008 and 2018, as well as the percentage change based on the 2008 prices. Unfortunately, portions of the chart are missing. Fill in the blank spaces to complete the chart for your story. Round percent answers to the nearest tenth of a percent. Round dollar amount answers to the nearest whole dollar. Consumer Purchase 2008 2018 Percent Change Single-Family Home median resale price (for a particular month) $237,300 $290,700 % A particular compact car MSRP for the manual transmission $20,400 13.2% Pair of Jeans $44.60 $59.95 0% easy fit, stonewashed A particular fast food hamburger Average price at company-owned restaurants $2.97 $3.94
In the year 2008, the United States was just entering a major recession. You are researching how various consumer prices changed in the ten-year period starting in 2008 and ending in 2018. Suppose you have located the following chart listing various consumer purchases and their costs in 2008 and 2018, as well as the percentage change based on the 2008 prices. Unfortunately, portions of the chart are missing. Fill in the blank spaces to complete the chart for your story. Round percent answers to the nearest tenth of a percent. Round dollar amount answers to the nearest whole dollar. Consumer Purchase 2008 2018 Percent Change Single-Family Home median resale price (for a particular month) $237,300 $290,700 % A particular compact car MSRP for the manual transmission $20,400 13.2% Pair of Jeans $44.60 $59.95 0% easy fit, stonewashed A particular fast food hamburger Average price at company-owned restaurants $2.97 $3.94
Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter3: Data Visualization
Section: Chapter Questions
Problem 2P: The following table shows an example of gross domestic product values for five countries over six...
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% CHANGE
= 100 x (NEW - OLD) / OLD
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