The average monthly retail price for orange juice per litre in Canadian dollars (CAD) for 2018 to 2021 is shown on the ANSWER SHEET - NSC Mathematical Literacy - Question 4 - 2022 - Paper 1
Question 4
The average monthly retail price for orange juice per litre in Canadian dollars (CAD) for 2018 to 2021 is shown on the ANSWER SHEET. The actual data values for each ... show full transcript
Worked Solution & Example Answer:The average monthly retail price for orange juice per litre in Canadian dollars (CAD) for 2018 to 2021 is shown on the ANSWER SHEET - NSC Mathematical Literacy - Question 4 - 2022 - Paper 1
Step 1
Calculate (in CAD) the difference between the price of orange juice in January 2019 and in February 2019.
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Answer
The price of orange juice in February 2019 was CAD 4.10, while in January 2019 it was CAD 4.30. The difference is:
4.30−4.10=0.20extCAD
Step 2
Write down the month and year in which the price of orange juice was at its lowest.
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Answer
The price of orange juice was at its lowest in August 2018.
Step 3
State the month and years in which the price of orange juice was exactly the same.
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The price of orange juice was exactly the same in November 2018 and November 2019.
Step 4
Determine the median monthly price of orange juice for 2020.
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Answer
To find the median price, list the monthly prices for 2020 and find the middle value. The median monthly price for orange juice in 2020 is CAD 4.26.
Step 5
Describe the trend of the price of orange juice from February 2018 to July 2018.
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From February 2018 to July 2018, the price of orange juice showed a gradual increase, with minor fluctuations, reaching a peak before stabilizing around the mid-point of this period.
Step 6
Determine the year-on-year percentage increase from March 2020 to March 2021.
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Answer
In March 2020, the price was CAD 4.30, and in March 2021, it was CAD 4.46. Using the formula:
