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Consumer Prices Index
Two economic indices learnt at AS are the Consumer Prices Index (CPI) and the Retail Prices Index (RPI). Both are used to calculate the average price level for goods and services that people buy. A main purpose of most economic indices is to delete the distorting effect of inflation from the data being calculated.
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ABSOLUTE ADVANTAGE
A normal population has a mean of 12.2 and a standard deviation of 2.5. A) Compute the Z value associated with 14.3. B) What proportion of the population is between 12.2 and 14.3.?
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