Old price: p1 = $ 3.90;
New price: p2 = $ 3.40.
The percentual decrease is given by
d(%) = [ (p2 - p1) / p1 ] * 100 %
d(%) = [ (3.40 - 3.90) / 3.90 ] * 100 %
d(%) = [ - 0.50 / 3.90 ] * 100 %
d(%) = - 0.128 * 100 %
d(%) = - 12.8 % (approximately)
So the price fell 12.8 % approximately.
I hope this helps. =)
Answer:
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True
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The negative linear relationship means that there is inverse relationship between two variables. It means that if the independent variable increases the dependent variable decreases and if the independent decreases the dependent variable increases. It means that due to larger values of independent variable there occurs the smaller values for dependent variable.