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Paper 1Statistical Techniques2 marks
A price relative is used to compare prices over time. The price of an item was $80 in 2015 and $72 in 2019.
Description
Price Comparison Over Time
The price of an item was $80 in 2015 and $72 in 2019.
| Year | Price ($) |
|---|---|
| 2015 | 80 |
| 2019 | 72 |
- a[2]
Calculate the price relative for 2019 using 2015 as the base year.
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