I needed to find the absolute and relative differences for these two stocks and write two complete sentences:
MOD - 78.00
TRV- 3311.00
I found the absolute differences to be 3233.00 and -3233.00
and the relative differences to be 98% and -4145%
My sentences were
The Travelers Company stock costs 98% more than Modine Manufacturing Company.
and
Modine Manufacturing Company stock costs 4145% less than The Travelers Company.
I am a bit unsure about the relative differences, can someone please tell me if I am correct?
To find the relative difference between two values, you need to calculate the percentage change. Here's how you can do it:
1. Calculate the absolute difference between the two values:
Absolute Difference = TRV - MOD = 3311.00 - 78.00 = 3233.00
2. To find the relative difference, divide the absolute difference by the original value (MOD). Multiply the result by 100 to get the percentage change:
Relative Difference = (Absolute Difference / MOD) * 100
For the given values, let's calculate the relative differences:
For TRV (3311.00):
Relative Difference = (3233.00 / 78.00) * 100 = 4145.51%
For MOD (78.00):
Relative Difference = (3233.00 / 3311.00) * 100 = 97.68%
So, it seems there was a small error in your calculations for the relative differences. The correct relative difference for TRV would be approximately 4145.51%, and for MOD, it would be around 97.68%. Let's update the sentences accordingly:
The Travelers Company stock costs approximately 4145.51% more than Modine Manufacturing Company.
Modine Manufacturing Company stock costs approximately 97.68% less than The Travelers Company.