A company has data on annual revenue for ten years beginning in 1995. The company wants to compute an index using the revenues from 1995, 1996, and 1997 as the based. If the revenues for the three years were (in $millions): $1.5, $1.3, and $2.0, what is the base value?

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The Answer of A company has data on annual revenue for ten years beginning in 1995. The company wants to compute an index using the revenues from 1995, 1996, and 1997 as the based. If the revenues for the three years were (in $millions): $1.5, $1.3, and $2.0, what is the base value?

A Company Has Data on Annual Revenue for Ten Years