Question: Consider different contexts in which absolute or relative changes may occur.What is an example of a context in which a change of 20% would be
Consider different contexts in which absolute or relative changes may occur.What is an example of a context in which a change of 20% would be considered small?How about a context in which a change of 1% would be considered large?When might an amount of $1,000,000 be considered a small amount?On the other hand, when might $5.00 be considered a large amount?What kinds of general principle could be involved in characterizing each type of context here?
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