The tax rate increased from 19% to 27%. . What is the absolute change in percentage points? b. What is the relative change? 5 What is the relative change in the value of a coin if the value was $5.10 in year 2000 and S6.43 in year 2012? What is the relative change in gas prices if the price of gas went from $3.59 to $3.437
The tax rate increased from 19% to 27%. . What is the absolute change in percentage points? b. What is the relative change? 5 What is the relative change in the value of a coin if the value was $5.10 in year 2000 and S6.43 in year 2012? What is the relative change in gas prices if the price of gas went from $3.59 to $3.437
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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**Problem 4:**
The tax rate increased from 19% to 27%.
a. What is the absolute change in percentage points?
b. What is the relative change?
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**Problem 5:**
What is the relative change in the value of a coin if the value was $5.10 in the year 2000 and $6.43 in the year 2012?
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**Problem 6:**
What is the relative change in gas prices if the price of gas went from $3.59 to $3.43?
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### Explanation
**Absolute Change:**
Absolute change refers to the simple difference between the initial and final values without any consideration of relative or proportional factors. For instance, if a tax rate increased from 19% to 27%, the absolute change is found by subtracting the initial value from the final value.
**Relative Change:**
Relative change helps in understanding how significant a change is in comparison to the original value. It's often expressed as a percentage. To calculate relative change, you divide the difference between the new and original values by the original value, and then multiply by 100 to get a percentage.
No graphs or diagrams are included in the image for further explanation.
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