The consumer price index (CPI) is calculated by averaging the prices of various items after assigning a weight to each item. The following table gives the consumer price indexes for selected years from 1940 through 2002, reflecting buying patterns of all urban consumers. Find an equation that models these data and use it to predict the consumer price index in 2015. Use the model to predict the consumer price index in 2015. Round your answer to two decimal places.

Source: U.S. Bureau of the Census

A) 76.47
B) 129.14
C) 169.33
D) 216.39
E) 326.77

Question

The consumer price index (CPI) is calculated by averaging the prices of various items after assigning a weight to each item. The following table gives the consumer price indexes for selected years from 1940 through 2002, reflecting buying patterns of all urban consumers. Find an equation that models these data and use it to predict the consumer price index in 2015. Use the model to predict the consumer price index in 2015. Round your answer to two decimal places.

Source: U.S. Bureau of the Census

​
Source: U.S. Bureau of the Census
​
A) 76.47 
B) 129.14 
C) 169.33 
D) 216.39 
E) 326.77

Quizplus · Accepted Answer

The Answer of The consumer price index (CPI) is calculated by averaging the prices of various items after assigning a weight to each item. The following table gives the consumer price indexes for selected years from 1940 through 2002, reflecting buying patterns of all urban consumers. Find an equation that models these data and use it to predict the consumer price index in 2015. Use the model to predict the consumer price index in 2015. Round your answer to two decimal places. ​

​
Source: U.S. Bureau of the Census
​
A) 76.47 
B) 129.14 
C) 169.33 
D) 216.39 
E) 326.77

The Consumer Price Index (CPI) Is Calculated by Averaging the Prices