Question

Price of eggs and milk: The following table presents the average price in dollars for a dozen eggs and a gallon of milk for each month from February through November

2006

.

Dozen Eggs	Gallon of Milk
1.69	2.81
0.94	3.08
1.50	3.07
1.05	3.07
1.14	3.00
0.92	3.81
1.15	3.77
1.77	2.89
1.26	3.06
2.10	2.99

If the price of eggs differs by $0.35

from one month to the next, by how much would you expect the price of milk to differ? Round the answer to two decimal places.

Answer 1

If the price of eggs differs by $0.35 from one month to the next, by how much would you expect the price of milk to differ

=0.35*0.4762= $0.1667 (decrease)