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Suppose that is a numerical value of status based on a person's annual income l (in thousands of dollars). For a certain population, suppose S
Suppose that is a numerical value of status based on a person's annual income l (in thousands of dollars). For a certain population, suppose S = 30 V1. Use differentials to approximate the change in Sif annual income decreases from $45,000 to $43,500.
The change in status is approximated by AS = (Round to three decimal places as needed.)
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