Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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Question
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.)
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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
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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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