If a woman making $31,000 a year receives a cost-of-living increase of 2.4%, what will her new salary be?
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Answer:
Step-by-step explanation
The relative error is the absolute error divided by the absolute value of p. for an approximation p*, the relative error is
r = |p*-p|/|p|
we want r to be at most 10⁻³, thus
|p*-p|/|p| ≤ 10⁻³
|p*-p| ≤ |p|* 10⁻³
therefore, p*-p should lie in the interval [ - |p| * 10⁻³ , |p| * 10⁻³ ], and as a consecuence, p* should be in the interval [p - |p| * 10⁻³ , p + |p| * 10⁻³ ]