The table below shows hypothetical data for the volume of gold and nickel output across several years.
TABLE 2-6
-Refer to Table 2-6.What is the index number for nickel output in Year 3?
A)92.4%
B)-379
C)379
D)0.924%
E)92.4

Question

The table below shows hypothetical data for the volume of gold and nickel output across several years.
  TABLE 2-6
-Refer to Table 2-6.What is the index number for nickel output in Year 3?
A)92.4% 
B)-379 
C)379 
D)0.924% 
E)92.4

Quizplus · Accepted Answer

To find the index number for nickel output in Year 3, we need to use the formula:
Index number = (Current year output / Base year output) x 100

Using Year 1 as the base year, we have:
Index number for nickel output in Year 3 = (60 / 65) x 100 = 92.3 or 92.4 (rounded to one decimal place)

Therefore, the best choice is E) 92.4, which is the closest rounded value to our calculation.

The Table Below Shows Hypothetical Data for the Volume of Gold