An event planning company had 768 attendees for one gathering and 924 for another. Management requested the difference in attendance be expressed as a percent difference. Which approach accomplishes that?
((924 + 768) / 924) × 100
(|924 − 768| / ((924 + 768) / 2)) × 100
(924 − 768) / 924 × 100
(924 − 768) / 768 × 100
Percent Difference = (|Value1 - Value2| / ((Value1 + Value2) / 2)) × 100
Difference |924 - 768| = 156
Average of the two (924 + 768) / 2 = 846
Divide and multiply by 100 156 / 846 × 100 ≈ 18.44%
(|924 − 768| / ((924 + 768) / 2)) × 100
This gives a percent difference of 18.44%.
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