7.Based on the following data, develop an index for the price of a gallon of gasoline in 2014, when 1996 is the reference year having an index value of 99.2. The weight placed on regular unleaded gasoline is three times that of either premium or unleaded plus. This is because roughly three times as much regular unleaded is sold compared with premium or unleaded plus. Additional calculate the cost of premium gasoline in 2016 based on your answer in the first part of this question with an index of 327 for 2016.
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7.Based on the following data, develop an index for the price of a gallon of gasoline in 2014, when...
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