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What is relative change in math

23/04/2021 Client: muhammad11 Deadline: 2 Day

6. Distinguish between absolute and relative change. Give an example that illustrates how a relative change is calculated.

Distinguish between absolute and relative change. Choose the correct answer below.

A.

Absolute change describes the actual increase or decrease from a reference value to a new value. Relative change is the size of the absolute change in comparison to the new value and can be expressed as a percentage.

B.

Absolute change is the size of the actual increase or decrease from a reference value in comparison to the new value and can be expressed as a percentage. Relative change describes the actual increase or decrease from a reference value to a new value.

C.

Absolute change describes the actual increase or decrease from a reference value to a new value. Relative change is the size of the absolute change in comparison to the reference value and can be expressed as a percentage.

D.

Absolute change is the size of the actual increase or decrease from a reference value in comparison to the reference value and can be expressed as a percentage. Relative change describes the actual increase or decrease from a reference value to a new value.

7.Give an example of how "percent" (%) and "percentage points" can differ for the same situation. Choose the correct answer below.

A.

Consider a savings account that previously offered 2% interest and now offers 6% interest. The percent increase is 300% and the percentage point increase is 4.

B.

Consider a savings account that previously offered 2% interest and now offers 6% interest. The percent increase is 4% and the percentage point increase is 200.

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