Solve the problem.
-Suppose that the cost of a statistics text was $65 in 1985 and is $105 in 2000. What is the "Statistics Text Index" number, rounded to the nearest tenth, for the 1985 edition with the 2000 price as the reference value?
A)1.6
B)161.5
C)61.9
D)0.6

Question

Quizplus · Accepted Answer

The "Statistics Text Index" number is calculated by taking the price of the item in the earlier year ($65 in 1985), dividing it by the price in the reference year ($105 in 2000), and then multiplying by 100 to get a percentage. So, $ \frac{65}{105} \times 100 = 61.9 $.

Solve the Problem. -Suppose That the Cost of a Statistics Text Was $65