Relative change is the ratio of the amount of change to the original amount. In this case, this would be: Relative change in household income Average Household Income, $ Average Household Income (2018 dollars) vs. Year 92,000 90,000 88,000 86,000 84,000 82,000 80,000 78,000 76,000 74,000 Hint 2008 Answer: Ending amount-Beginning amount Beginning amount 2010 2012 2014 2016 Year Part A: Use the estimates from Question 1, Parts C and D, to calculate the relative change in the average household income from 2008 to 2018. Express your answer as a percent, rounded to the nearest 1%. % Question Hein Ru Part B: Is your answer positive or negative? How does this indicate whether the change is an increase or decrease? Hint Edit Insert Formats- BIVx, x E 2018 A- A- <> -> Σ' Σ Ad
Relative change is the ratio of the amount of change to the original amount. In this case, this would be: Relative change in household income Average Household Income, $ Average Household Income (2018 dollars) vs. Year 92,000 90,000 88,000 86,000 84,000 82,000 80,000 78,000 76,000 74,000 Hint 2008 Answer: Ending amount-Beginning amount Beginning amount 2010 2012 2014 2016 Year Part A: Use the estimates from Question 1, Parts C and D, to calculate the relative change in the average household income from 2008 to 2018. Express your answer as a percent, rounded to the nearest 1%. % Question Hein Ru Part B: Is your answer positive or negative? How does this indicate whether the change is an increase or decrease? Hint Edit Insert Formats- BIVx, x E 2018 A- A- <> -> Σ' Σ Ad
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 40E
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Transcribed Image Text:Relative change is the ratio of the amount of change to the original amount. In this case, this would
be:
Relative change in household income =
S
Average Household Income (2018 dollars)
vs. Year
92,000
90,000
88,000
86,000
84,000
82,000
80,000
78,000
76,000
74,000
2008
Answer:
2010
2012 2014 2016
Year
Ending amount-Beginning amount
Beginning amount
Part A: Use the estimates from Question 1, Parts C and D, to calculate the relative change in the
average household income from 2008 to 2018. Express your answer as a percent, rounded to the
nearest 1%.
Hint
%
2018
Part B: Is your answer positive or negative? How does this indicate whether the change is an
increase or decrease?
Hint
А
Edit- Insert Formats BI yx, x² A -
- - *
168
-18
ETE
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