Question
Based on data from 1995 to 1999, the average annual earnings of an employee in the lumber and wood products industry can be modeled by
Based on data from 1995 to 1999, the average annual earnings of an employee in the lumber and wood products industry can be modeled by
s(n) =0.7685n2+ 1295n516,596 dollars
wherenis the number of employees in thousands.
Based on data from 1995 to 1999, the number of employees in the lumber and wood products industry can be modeled by
n(t) = 3.143t2+ 5.029t+ 772.5 thousand employees
wheretis the number of years since 1995. (Round your answer to two decimal places.)
(a) Calculates(n(4)).
s(n(4)) = _____________ .
(b) Interpret the meaning of the answer in part (a).In____________ the average annual earnings of an employee was$ _____________ .
(c) According to the model, what was the average annual earnings in1996? (Round your answer to two decimal places.)
$ _____________.
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