Question

Recently, Washington state instituted "historic" tuition cutbacks that set it apart from most of the rest of the U.S. [Source] Tuition in 2014/2015 was $3,217 in community colleges and was set to be $3,056 in 2015/2016 dollars (Don't forget to include a negative sign, if appropriate). What is the absolute change in tuition?

appropriate.) What is the relative change in tuition? % (Give your answer as a percent between 0 and 100, not a decimal between 0 and 1. Round to ONE decimal place and include a negative sign if appropriate. )

Answer 1

The absolute change in tuition is $161, and the relative change in tuition is -5.0%.

Step-by-step explanation:

The absolute change in tuition is calculated by subtracting the tuition set for 2015/2016 from the tuition in 2014/2015. Therefore, the absolute change is $3,217 - $3,056 = $161. To calculate the relative change in tuition as a percentage, we use the formula ((new value - old value) / old value) * 100%. Plugging in the numbers, we get: ((3,056 - 3,217) / 3,217) * 100% = (-161 / 3,217) * 100% = -5.0%. Note that the negative sign indicates a decrease in tuition costs.