The table below shows hypothetical tuition costs at a Canadian university. TABLE 2- 1
-Refer to Table 2- 1.Assume that 2008 is used as the base year,with the index number = 100.The value of the index number in 2010 is calculated as follows:
A) 5100/5000 = 1.02
B) (5100/5000) × 100 = 102
C) 5100/5100 = 100
D) (5000/5100) × 100 = 98
E) 5000/5100 = 0.98
Correct Answer:
Verified
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