Year Price (s)* 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002

Question

Year Price (s)* 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 4.22 4.21 4.15 4.14 4.08 4.35 4.42 4.59 4.69 5.08 5.39 5.66 5.81 6.03 6.21 Index 78.3 78.1 77.0 76.8 75.7 80.7 82.0 85.2 94.2 105.0 107.8 6.55 6.88 7.18 7.36 115.2 118.9 121.5 127.6 133.2 *Average price for first and subsequent runs at U.S. movie theaters, including senior citizen, child, and other special pricing (2009 price is imputed) (Source: Motion Picture Association of America) Now you will interpret two of your movie price index numbers: the The 1998 movie price index number shows that the price of a movie ticket in 1998 was 2000 base-year oric

Explanation / Answer

you need to divide each year price with 5.39 which is price for 2000

hence index for 1998 =(4.69/5.39)*100=87.0

index for 2000 =(5.39/5.39)*100=100

index for 2009 =(7.36/5.39)*100=136.5

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