Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Last year's budget for the legislative branch of a certain government was $4941 million, and this year it is $5308 million. Consider last year's budget

Last year's budget for the legislative branch of a certain government was $4941 million, and this year it is $5308 million. Consider last year's budget of 4941 million to be the reference value. Complete parts (a) through (d) below A. What is the absolute change in the budget from last year to this year? The absolute change in the budget from last year to this year is ??? B. What is the relative change in the budget from last year to this year? The relative change in the budget from last year to this year is ??? C. Next year's budget is estimated to be $5183 million. What is the percentage decrease from this year's budget of $ 5338 million? The percentage decrease is ??? D. If next year's budget is changed so that it is 3% less than this year's budget of 5338 million. What is the amount of next year's budget is ?(Type an integer or a decimal. Do not round) The amount of next year's budget is

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Statistical Reasoning for Everyday Life

Authors: Jeff Bennett, Bill Briggs, Mario F. Triola

4th edition

978-0321817747, 321817745, 978-0321890139, 321890132, 321817621, 978-0321817624

More Books

Students also viewed these Mathematics questions