Solved: The average cpi for 1931 was 152 the average cpi for 1976, Basic Statistics

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The average cpi for 1931 was 152 the average cpi for 1976

Question: The average CPI for 1931 was 15.2. The average CPI for 1976 and 2005 can be found in Table 16.1. Use what you learned in this chapter to convert Babe Ruth's 1931 salary and Hank Aaron's 1976 salary, given in the Case Study at the beginning of this chapter, to 2005 dollars. Who had the largest salary in terms of 2005 dollars: Bonds, Aaron, or Ruth?

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Basic Statistics: The average cpi for 1931 was 152 the average cpi for 1976

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