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I need help with all of these problems please!!! i did #1,#2, and #3 but cant seem to figure out the rest. If you could
I need help with all of these problems please!!! i did #1,#2, and #3 but cant seem to figure out the rest. If you could also check the ones i did to see if i did them correctly; That would also help tremendously
Activity 6.1 # 1: Percentage Change Individual or Group Distinguish between differences (first and second) and percentage change. Calculate growth decay factors and percentage rates of growth Activity Design: Activity Overview: Advance Preparation: None The following table shows the average hourly earnings of U.S. employees from 2000 through 2005. (Source: Modeled from Statistical Abstract of the United States: 2007. Table 616). Earnings F Time (years since 2000) Earnings per hour $14.00 .5 $14.35 $14.95 $1535 $15.67 $16.11 1 2 22 .44 4 5 1. Explain the trend of the data, using the notion of rate of change. Tre rate of change continves to increase, at different rates. throughaut yearss 2. Find the yearly growth factor and yearly percentage change in the hourly earnings from each year. Round your answers to two decimal places. E Growth Factor Percentage Change Time (vears since 2000) Earnings per hour 14.00(1+0) 1.37 38,27 3,32 3.35 $14.00 3H. 98% ISS.919 -78.37% 78.02% H19.18% $14.35 1 $14.95 3 $15.35 $15.67 4 99.75 $16.11 Ampunt of change Original Amant OR 4 Staa Avank Gronth New-old old Deapi'x rate 3. From 2000 through 2005, the inflation rate was 2.55% per year. (Source: U.S. Department of Labor, www.bls.gov/cpi#overview) Did hourly earnings keep pace with inflation? Jes,noury eaming kept up with inflation 4. Estimate the average hourly earnings for 2009 using the percentage change. 5. Generate a formula for E(f), the eamings per hour as a function of years since 2000. Ele) 6. Suppose that the hourly earnings is $17.00, estimate what year it would be using any method you chooseStep by Step Solution
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