Find the absolute change and the relative change in the following case. The average sale of a house decreased from $320,000 in February 2008 to $153,000 in February 2013. The absolute change is. (Simplify your answer. Type an integer or a decimal.) The relative change is %. (Type an integer or decimal rounded to the nearest tenth as needed.)

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
icon
Related questions
icon
Concept explainers
Topic Video
Question
Find the absolute change and the relative change in the following case.
The average sale of a house decreased from $320,000 in February 2008 to $153,000 in February 2013.
The absolute change is
(Simplify your answer. Type an integer or a decimal.)
The relative change is %.
(Type an integer or decimal rounded to the nearest tenth as needed.)
Transcribed Image Text:Find the absolute change and the relative change in the following case. The average sale of a house decreased from $320,000 in February 2008 to $153,000 in February 2013. The absolute change is (Simplify your answer. Type an integer or a decimal.) The relative change is %. (Type an integer or decimal rounded to the nearest tenth as needed.)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Application of Algebra
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, advanced-math and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
Basic Technical Mathematics
Basic Technical Mathematics
Advanced Math
ISBN:
9780134437705
Author:
Washington
Publisher:
PEARSON
Topology
Topology
Advanced Math
ISBN:
9780134689517
Author:
Munkres, James R.
Publisher:
Pearson,