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Page 3 ( 4 pts ) 8 . In comparing the earning power of the job offers, one might be interested in the cumulative earnings,

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(4pts)8.
In comparing the earning power of the job offers, one might be interested in the cumulative earnings, that is, the sum total earnings for all the years worked in the chosen job. TABLE 3 below gives cumulative earnings for both job offers for the given number of years worked. For example, when t=8, the table gives C1(8)=508,000. That means, after working 8 years in Job 1, the total earnings is $508,000.
Note that the last column gives a comparison of the cumulative earnings of both jobs for the same number of years worked by calculating the difference.
Complete the table below.
TABLE 3
\table[[Comparison of Cumulative Earnings],[\table[[t=# of Years],[Worked],[1]],\table[[C_(1)(t)= Cumulative],[Earnings after t years],[on Job 1]],\table[[C_(2)(t)= Cumulative],[Earnings after t years],[on Job 2]],\table[[Difference in Cumulative],[Earnings:],[C_(1)(t)-C_(2)(t)]]],[$,60,000,$,45,000,$,15,000],[2,$,121,000,$,93,375,$,27,625],[3],[4],[5],[6],[7],[8,$,508,000,$,470,087,$,37,913],[9,$,576,000,$,550,343,$,25,657],[10,$,645,000,$,636,619,$,8,381],[11,$,715,000,$,729,365,$,(14,365)]]
(1pts)9a. The ordered pair (2,62,000) occurs in the TABLE 1. Explain the meaning of this ordered pair in the context of the situation.
(1pts) b. The ordered pair (2,27,625) occurs in the TABLE 3. Explain the meaning of this ordered pair in the context of the situation.
(1pts) c. The ordered pair (2,93,375) occurs in the TABLE 3. Explain the meaning of this ordered pair in the context of the situation.
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