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1. In 1995, the cost of unleaded gasoline was $0.95 per gallon. In 2.pdf

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The document discusses calculating the rate of increase in gasoline prices between 1995 and 2010. It states that in 1995 gasoline was $0.95 per gallon and in 2010 it was $3.00 per gallon. The correct way to determine the amount of change is to use the geometric mean rate of increase.

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1. In 1995, the cost of unleaded gasoline was $0.95 per gallon. In 2010, the same type of gasoline costs $3.00 per gallon. To determine the amount of change, we have to use the a moving average technique b. 0 geometric mean of 2 years c. 0 geometric mean rate of increase d. 0 weighted mean of the 2 years Solution C Geometric mean rate of increase.

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1. In 1995, the cost of unleaded gasoline was $0.95 per gallon. In 2.pdf

  • 1. 1. In 1995, the cost of unleaded gasoline was $0.95 per gallon. In 2010, the same type of gasoline costs $3.00 per gallon. To determine the amount of change, we have to use the a moving average technique b. 0 geometric mean of 2 years c. 0 geometric mean rate of increase d. 0 weighted mean of the 2 years Solution C Geometric mean rate of increase.