### Calculating Absolute and Relative Changes in Health Care CostsEmployees at a certain company currently have to pay 3% of their health care costs, while the company pays the rest. Next year, however, employees will have to pay 6% of their health care costs. Express the change as an absolute change (in percentage points) and a relative change.---**The absolute change is** [ ] **percentage points.**---**The relative change is** [ ] **%.**---#### Explanation:When working with percentages, it's crucial to distinguish between absolute and relative changes. - **Absolute Change:** This is the straightforward difference between the two percentages. In this case, you will subtract the initial percentage (3%) from the new percentage (6%) to find the absolute change.- **Relative Change:** This represents the absolute change as a proportion of the initial value. To find the relative change, you will divide the absolute change by the original percentage and multiply by 100 to get a percentage.This educational exercise helps illustrate how to measure changes effectively, which is a common scenario in both business and personal finance contexts.

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Description: ### Calculating Absolute and Relative Changes in Health Care CostsEmployees at a certain company currently have to pay 3% of their health care costs, while the company pays the rest. Next year, however, employees will have to pay 6% of their health

According to the given information, Percentage of health care cost company currently pays = 3%…

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Employees at a certain company currently have to pay 3% of their health care costs, while the company pays the rest. Next year, however, employees will have to pay 6% of their health care costs. Express the change as an absolute change (in percentage points) an a relative change. The absolute change is percentage points. The relative change is %.

Employees at a certain company currently have to pay 3% of their health care costs, while the company pays the rest. Next year, however, employees will have to pay 6% of their health care costs. Express the change as an absolute change (in percentage points) an a relative change. The absolute change is percentage points. The relative change is %.

Advanced Engineering Mathematics

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ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

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### Calculating Absolute and Relative Changes in Health Care Costs

Employees at a certain company currently have to pay 3% of their health care costs, while the company pays the rest. Next year, however, employees will have to pay 6% of their health care costs. Express the change as an absolute change (in percentage points) and a relative change.

---

**The absolute change is** [ ] **percentage points.**

---

**The relative change is** [ ] **%.**

---

#### Explanation:

When working with percentages, it's crucial to distinguish between absolute and relative changes.

- **Absolute Change:** This is the straightforward difference between the two percentages. In this case, you will subtract the initial percentage (3%) from the new percentage (6%) to find the absolute change.

- **Relative Change:** This represents the absolute change as a proportion of the initial value. To find the relative change, you will divide the absolute change by the original percentage and multiply by 100 to get a percentage.

This educational exercise helps illustrate how to measure changes effectively, which is a common scenario in both business and personal finance contexts.

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