(Situation F) The sales (in thousands of dollars) of automobiles by the three largest American automakers from 1986
through 1992 are shown in the table below. $$\begin{array} { l r r r }
\hline \text { Year } & \text { G.M. } & \text { Ford } & \text { Chrysler } \
\hline 1986 & 8993 & 5810 & 1796 \
1987 & 7101 & 4328 & 1225 \
1988 & 6762 & 4313 & 1283 \
1989 & 6244 & 4255 & 1182 \
1990 & 7769 & 4934 & 1494 \
1991 & 8256 & 5585 & 2034 \
1992 & 9305 & 5551 & 2157
\end{array}$$
-Using 1986 as the base year, and only using the Chrysler sales data, find the simple index for 1992.
A) 102.49
B) 83.26
C) 97.57
D) 120.10

Question

(Situation F) The sales (in thousands of dollars) of automobiles by the three largest American automakers from 1986
through 1992 are shown in the table below. $$\begin{array} { l r r r } 
\hline \text { Year } & \text { G.M. } & \text { Ford } & \text { Chrysler } \
\hline 1986 & 8993 & 5810 & 1796 \
1987 & 7101 & 4328 & 1225 \
1988 & 6762 & 4313 & 1283 \
1989 & 6244 & 4255 & 1182 \
1990 & 7769 & 4934 & 1494 \
1991 & 8256 & 5585 & 2034 \
1992 & 9305 & 5551 & 2157
\end{array}$$
-Using 1986 as the base year, and only using the Chrysler sales data, find the simple index for 1992.
A) 102.49
B) 83.26
C) 97.57
D) 120.10

Quizplus · Accepted Answer

The simple index for 1992 using 1986 as the base year is calculated as (2157/1796) * 100 = 120.10.

(Situation F) the Sales (In Thousands of Dollars) of Automobiles