Problem 47
Question
Which relative change is bigger in magnitude? Justify your answer. Find the relative change of a population if it changes (a) From 1000 to \(2000 \quad\) (b) From 2000 to 1000 (c) From 1,000,000 to 1,001,000
Step-by-Step Solution
Verified Answer
Part (a) has the largest relative change magnitude.
1Step 1: Understand Relative Change
Relative change is the change in a quantity relative to its original value. It is computed as \( \frac{\text{new value} - \text{old value}}{\text{old value}} \).
2Step 2: Calculate Relative Change for (a)
For part (a), the initial population is 1000 and the new population is 2000. Compute the relative change using the formula: \[ \text{Relative change} = \frac{2000 - 1000}{1000} = \frac{1000}{1000} = 1 \]
3Step 3: Calculate Relative Change for (b)
For part (b), the initial population is 2000 and the new population is 1000. Compute the relative change: \[ \text{Relative change} = \frac{1000 - 2000}{2000} = \frac{-1000}{2000} = -0.5 \]
4Step 4: Calculate Relative Change for (c)
For part (c), the initial population is 1,000,000 and the new population is 1,001,000. Compute the relative change: \[ \text{Relative change} = \frac{1,001,000 - 1,000,000}{1,000,000} = \frac{1000}{1,000,000} = 0.001 \]
5Step 5: Compare the Relative Changes
Compare the magnitudes of the relative changes found:
- Part (a): 1
- Part (b): 0.5
- Part (c): 0.001
The biggest magnitude of relative change is in part (a), which is 1.
Key Concepts
Population ChangeMagnitude ComparisonStep-by-Step Solution
Population Change
Population change refers to the variation in the number of individuals residing in a specific area over a period of time. It is typically expressed using relative or absolute metrics. In this exercise, we focus on relative population change, which provides an insightful way to measure how much a population has grown or shrunk relative to its original size.
The formula to calculate relative population change is as follows:
The formula to calculate relative population change is as follows:
- Identify the old or original population value.
- Identify the new or changed population value.
- Use the formula: \(\text{Relative change} = \frac{\text{new value} - \text{old value}}{\text{old value}}\)
Magnitude Comparison
When comparing changes, especially in the context of changes expressed in percentages or fractions, it is crucial to understand the magnitude of change. Magnitude refers to the absolute value of the relative change, which means how large the change is, regardless of whether it is an increase or decrease. This is important because:
- It shows the impact level of the change without the influence of direction (increase or decrease).
- Assists in recognizing which change had a greater effect relative to its initial value.
Step-by-Step Solution
Solving problems using a step-by-step approach helps greatly in breaking down complex concepts into manageable parts. Let's dive into the steps used in calculating and comparing relative changes in populations in our exercise:
1. **Understand Relative Change**: First, grasp what relative change means and how it helps to compare the extent of change relative to an initial state. 2. **Calculate for Each Case**: Using the provided formula, calculate the relative change in each scenario.
This kind of methodical approach not only solves the problem but also enhances understanding, helping you avoid pitfalls or mistakes commonly associated with rushed calculations.
1. **Understand Relative Change**: First, grasp what relative change means and how it helps to compare the extent of change relative to an initial state. 2. **Calculate for Each Case**: Using the provided formula, calculate the relative change in each scenario.
- For (a), a twofold increase from 1000 to 2000 results in a relative change of 1.
- For (b), a halving from 2000 to 1000 results in a relative change of -0.5.
- For (c), a modest increase from 1,000,000 to 1,001,000 results in a relative change of 0.001.
This kind of methodical approach not only solves the problem but also enhances understanding, helping you avoid pitfalls or mistakes commonly associated with rushed calculations.
Other exercises in this chapter
Problem 46
Which relative change is bigger in magnitude? Justify your answer. An increase in sales from \(\$ 100,000\) to \(\$ 500,000 ;\) an increase in sales from \(\$ 2
View solution Problem 47
In \(2011,\) the populations of China and India were approximately 1.34 and 1.19 billion people \(^{69},\) respectively. However, due to central control the ann
View solution Problem 48
In 2010 , there were about 246 million vehicles (cars and trucks) and about 308.7 million people in the US. \(^{70}\) The number of vehicles grew \(15.5 \%\) ov
View solution Problem 49
On January \(27,2013,\) the cost to mail a letter in the US \(^{46}\) was raised from 45 cents to 46 cents. Find the relative change in the cost.
View solution