Todd werner 11 2/13 18 8:00 PM Spring 2018 Math 105 ACM eHomework: Section 3.D H

Question

Todd werner 11 2/13 18 8:00 PM Spring 2018 Math 105 ACM eHomework: Section 3.D Homework HW Score: 50%, 6 of 12 pts 90t 12 (7 complete Score: 0 of 1pt 3.D.23 Suppose admission to a mone cost $8 00 in 2006 What was its price in 1980 Question Help * Average Annual Consumer Price Index (CPI)( 1982-1984=100) Yeat 1976 1977 1978 1979 1960 1981 1982 CPL 124 0 130 7 136 2 140 3 144 5 148 2 152 4 156 9 160 5 163 0 166 6 Year CPI 56 9 60 6 65 2 726 82 4 90 9 96 5 99 6 103 9 107 6 109 6 113 6 118 3 Year 1989 1990 1991 1992 dollars? Assume that all prices have nsen at the same rate as the CP 2001 179 9 184 0 188 9 195 3 201 6 reg The price was about sin 1980 Round to the nearest cent) 2004 1994 1995 1996 1997 1998 1999 2006 2007 2008 215 3 214 1984 1985 1966 1987 1988 2010 2011 2249 pu 200 1722| 2012 2296 Enter your answer in the answer box and then click Check Answer parts showing clear A

Explanation / Answer

CPI for 2006 = 201.6

CPI for 1980 = 82.4

Hence,

Price in 1980 of a $8 movie = $8*(82.4/201.6) = $ 3.27

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