edian household incomes tend to increase from one year to the next. In 2019, the median household income was $64,101 in Madison, Wisconsin, and $42,087 in Milwaukee. In 2020, the median household incomes were $66,847 in Madison and $44,192 in Milwaukee. Find the absolute and relative changes for median household incomes in Madison and Milwaukee from 2019 to 2020. Give any percentage values rounded to the nearest tenth of a percent and dollar values to the nearest whole dollar amount. (a) From 2019 to 2020, the absolute change for median household income in Madison was $ . (b) From 2019 to 2020, the relative change for median household income in Madison was %. (c) From 2019 to 2020, the absolute change for median household income in Milwaukee was $ .
edian household incomes tend to increase from one year to the next. In 2019, the median household income was $64,101 in Madison, Wisconsin, and $42,087 in Milwaukee.
In 2020, the median household incomes were $66,847 in Madison and $44,192 in Milwaukee.
Find the absolute and relative changes for median household incomes in Madison and Milwaukee from 2019 to 2020.
Give any percentage values rounded to the nearest tenth of a percent and dollar values to the nearest whole dollar amount.
(a) From 2019 to 2020, the absolute change for median household income in Madison was
$ .
(b) From 2019 to 2020, the relative change for median household income in Madison was
%.
(c) From 2019 to 2020, the absolute change for median household income in Milwaukee was
$ .
(d) From 2019 to 2020, the relative change for median household income in Milwaukee was
%.
Use the "Add Work" button to show your work and thought process for these calculations. You may type
Step by step
Solved in 4 steps
