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Find the absolute change and the relative change in the following case. The average sale of a house decreased from $332,000 in February 2008 to $154,000 in February 2013. The absolute change is (Simplify your answer. Type an integer or a decimal.)

Find the absolute change and the relative change in the following case. The average sale of a house decreased from $332,000 in February 2008 to $154,000 in February 2013. The absolute change is (Simplify your answer. Type an integer or a decimal.)

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Find the absolute change and the relative change in the following case. The average sale of a house decreased from $332,000 in February 2008 to $154,000 in February 2013. The absolute change is (Simplify your answer. Type an integer or a decimal.)
Transcribed Image Text:Find the absolute change and the relative change in the following case. The average sale of a house decreased from $332,000 in February 2008 to $154,000 in February 2013. The absolute change is (Simplify your answer. Type an integer or a decimal.)
Expert Solution
Step 1

Sol:-

The absolute change is the difference between the two values, which is:

$154,000 - $332,000 = -$178,000

Therefore, the absolute change is -$178,000. Note that the negative sign indicates a decrease in average sale.

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