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According to a NY Times article on December 13, 2009, The average selling price of a 32-inch LCD TV was $600. Use the annual CPI values from
Question
According to a NY Times article on December 13, 2009, The average selling price of a 32-inch LCD TV was $600. Use the annual CPI values from your text to compute the cost of that same TV in 2010 dollars. Express your answer rounded to the nearest cent.
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2021-08-31T09:40:15+00:00
2021-08-31T09:40:15+00:00 1 Answers
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Answer:
Your answer should be 647.51
Explanation : the price was 215.949 in December, 2009.
the price was 233.049 in December, 2013.
divide 233.049 by 235.949 and got 1.079185363.
multiply that by 600 and got 647.5112179.