I'm completeing parts of my homework, and need help checking some of the problems. Could someone tell me if this is right? If it's not could you show me how to work it correctly? I'm not looking for someone to do my work, just show me how. There are no shortage of questions like this one on my exams! Thank you in advance.
Question:
a. Job opportunities for physician’s assistants are expected to increase from 58,000 in 2000 to 89,000 in 2010. What is the percent of increase?
My Answer :
I subtracted 58,000 from 89,000 and got 31000.
Then I divided 31,000 by 89,000 and got a large decimal number. I took the first four digits from that number and got .5344
I moved the decimal point over twice and got the answer 53.44% increase in jobs.
I think you divided 31,000 by 58,000 to get a 53.44827% increase. Rounding that number = 53.45%. This is correct.
thanks a bunch! This isn't the last of me. lol
Your approach is close to the correct method, but there is a small mistake in your calculation. Here's how you can correctly calculate the percent increase:
1. Subtract the initial value from the final value to find the difference: 89,000 - 58,000 = 31,000.
2. To find the percent increase, divide the difference by the initial value (58,000) and then multiply by 100.
(31,000 / 58,000) * 100 = 0.5345 * 100 = 53.45%.
So the correct answer is a 53.45% increase in job opportunities for physician's assistants. Your approach was correct; you just made a small rounding error at the end.