Math Problem Statement
The composite index of the production of a special blend coffee in the year 2024 based on the year 2021 is 115. Find values of a and b.
Solution
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Math Problem Analysis
Mathematical Concepts
Weighted Average
System of Equations
Algebra
Formulas
Composite Index = (Price Index of Coffee Beans * Percentage for Coffee Beans + Price Index of Milk * a + Price Index of Sugar * b + Price Index of Flavour Additives * Percentage for Flavour Additives) / 100
a + b = 35
Theorems
System of Equations
Suitable Grade Level
Grades 10-12
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