1. Other
2. Other
3. suppose that a consumer price index cpi which measures the...

# Question: suppose that a consumer price index cpi which measures the...

###### Question details
Suppose that a consumer price index (CPI), which measures the cost of a typical package of consumer goods, stood at 110.5 in 1990 and 150.5 in 2000. Let x=0 correspond to 1990. Assuming that the data can be modeled by a linear equation, (a) find a linear equation that best models the CPI. (b) the approximate CPI in 1998. (c) the approximate CPI in 2001.