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MBA, PHD
Phoniex
Jul-2007 - Jun-2012
Corportae Manager
ChevronTexaco Corporation
Feb-2009 - Nov-2016
Suppose the value of a home changed by minus−38% over the past five years. Which of the following is true?
Choose the correct answer below
The house increased in value over the past five years because if the relative change is negative, the absolute change is positive.
The house decreased in value over the past five years because the value of the house is 3838%
of its original value.
A mistake was made in the calculation because relative change cannot be negative.
A mistake was made in the calculation because absolute change cannot be negative.
The house decreased in value over the past five years because the relative change is negative.
The house increased in value over the past five years because if the absolute change is negative, the relative change is positive.
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