Bizarre question, I realise. What I mean is this: with absolute values, you would say, for example, that an increase from 20 employees to 30 employees is a 50% increase: 50% of 20 is 10, 10 + 20 = 30. Everybody's happy. But as the values I'm speaking about are already percentages, it seems potentially confusing. In statistical analysis, is there any terminology to differentiate between the two values in my titular question? Or if somebody says 'sales tax was 10% but it's gone up by 25%', am I merely to guess whether the new tax rate is 35% or 12.5%?
Sorry if this question was confusingly worded...
2006-12-07
05:10:49
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10 answers
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asked by
XYZ
7
in
Economics