34.7% of city employees ride the bus to work. Last year, 5.2% of city employees rode the bus to work. What is the relative change from last year to this year?

Question

asked Nov 19, 2020 58.6k views

1 Answer

Simon Brady · Answer 1 · 2020-11-23T14:47:31+0000

Answer:

$5.67\%$

Explanation:

The relative change is defined by the following equation:

$Relative\hspace{3}change=(x-x_r_e_f_e_r_e_n_c_e)/(x_r_e_f_e_r_e_n_c_e)$ (1)

Where:

$x=Value\hspace{3}of\hspace{3}indicator\hspace{3}in\hspace{3}period\hspace{3}2$

$x_r_e_f_e_r_e_n_c_e=Value\hspace{3}of\hspace{3}indicator\hspace{3}in\hspace{3}period\hspace{3}1$

With this in mind, let's replace the values in the equation (1):

$Relative\hspace{3}change=(34.7-5.2)/(5.2)=(29.5)/(5.2)=5.673076923\approx5.67\%$