Solved: What is the percentage of increasedecrease of sales from, Basic Statistics

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What is the percentage of increasedecrease of sales from

The number of items sold by Fred's candy store for 2004 and 2007 and the store prices for the two periods are:

Price ($) Number Sold

Item sold 2004 2007 2004 2007

Fudge 2.00 2.90 711 663

Chips 1.00 1.15 1212 1301

Pop 1.65 1.80 751 877

For full marks your answer should be accurate to at least one decimal place.

a) Find the value index of sales for 2007 using 2004 as the base period.Value Index = ?

b) What is the percentage of increase/decrease of sales from 2004 to 2007?Percent change = ?%

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Solution Preview :

Prepared by a verified Expert

Basic Statistics: What is the percentage of increasedecrease of sales from

Reference No:- TGS0613151

Have a Question? (oR Write a Review)

Recent Questions Asked Basic Statistics

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Solution Preview :

Prepared by a verified Expert

Basic Statistics: What is the percentage of increasedecrease of sales from

Reference No:- TGS0613151

Recent Questions Asked Basic Statistics

Q : A box with a volume of 39 l contains 4 molecules by what

Q : You wish to boil 11 kg of water which has a specific heat

Q : For full marks use the coded method and round your answer

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Q : What is the percentage of increasedecrease of sales from

Q : A companys manufacturing process uses 500 gallons of water

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