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, with x representing years past 1900. Find an equation that models these data. If it's necessary, round your calculations to four decimal places.
Source: U.S. Bureau of the Census

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, with x representing years past 1900. Find an equation that models these data. If it's necessary, round your calculations to four decimal places. ​  ​
Source: U.S. Bureau of the Census
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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, with x representing years past 1900. Find an equation that models these data. If it's necessary, round your calculations to four decimal places. ​  ​
Source: U.S. Bureau of the Census
​

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