Mathematics : asked on izzzzz49
 01.01.2023

The median household income in the US grew linearly from approximately $30, 000 in 1990 to $48, 000 in 2006. Let x be the number of years since 1990. Express the median income as a function of x. Use this function to approximate the median income in 2030. What is the significance of the slope of this function

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24.06.2023, solved by verified expert
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The median household income in the US grew linearly, №17886348, 01.01.2023 04:56 --- The equation

The median income in 2030 is $75000

Step-by-step explanation:

Given

Represent years since 1990 with x and the income with y.

So, we have:

The median household income in the US grew linearly, №17886348, 01.01.2023 04:56 --- In 1990

The median household income in the US grew linearly, №17886348, 01.01.2023 04:56 --- In 2006

Solving (a): Express as a function.

First, we calculate the slope

The median household income in the US grew linearly, №17886348, 01.01.2023 04:56

The median household income in the US grew linearly, №17886348, 01.01.2023 04:56

The median household income in the US grew linearly, №17886348, 01.01.2023 04:56

The median household income in the US grew linearly, №17886348, 01.01.2023 04:56

The equation is then calculated as:

The median household income in the US grew linearly, №17886348, 01.01.2023 04:56

This gives:

The median household income in the US grew linearly, №17886348, 01.01.2023 04:56

Open bracket

The median household income in the US grew linearly, №17886348, 01.01.2023 04:56

The median household income in the US grew linearly, №17886348, 01.01.2023 04:56

Solving (b): Income in 2030.

In 2030, x = 40.

Substitute 40 for x in The median household income in the US grew linearly, №17886348, 01.01.2023 04:56

The median household income in the US grew linearly, №17886348, 01.01.2023 04:56

The median household income in the US grew linearly, №17886348, 01.01.2023 04:56

The median household income in the US grew linearly, №17886348, 01.01.2023 04:56

Solving (c): The significance of the slope.

In (a), the slope is calculated as 1125.

This implies that the yearly rate is $1125

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Mathematics
Step-by-step answer
P Answered by PhD

y = 1125x+30000 --- The equation

The median income in 2030 is $75000

Step-by-step explanation:

Given

Represent years since 1990 with x and the income with y.

So, we have:

(x_1,y_1) = (0,30000) --- In 1990

(x_2,y_2) = (16,48000) --- In 2006

Solving (a): Express as a function.

First, we calculate the slope

m = \frac{y_2 - y_1}{x_2 - x_1}

m = \frac{48000-30000}{16-0}

m = \frac{18000}{16}

m = 1125

The equation is then calculated as:

y = m(x-x_1)+y_1

This gives:

y = 1125(x-0)+30000

Open bracket

y = 1125x-0+30000

y = 1125x+30000

Solving (b): Income in 2030.

In 2030, x = 40.

Substitute 40 for x in y = 1125x+30000

y = 1125*40 +30000

y = 45000 +30000

y = 75000

Solving (c): The significance of the slope.

In (a), the slope is calculated as 1125.

This implies that the yearly rate is $1125

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The answer is in the image 
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Therefore,

Cars:Truck=8:7

Answer is B)8:7

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y=2x+15

where y=Value of coin

x=Age in years

Value of coin after 19 years=2*19+15

=$53

Therefore, Value after 19 years=$53

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F=ma

where F=force

m=mass

a=acceleration

Here,

F=4300

a=3.3m/s2

m=F/a

    =4300/3.3

    =1303.03kg

Approximately it is aqual to 1300kg

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Salesperson will make 6% of 1800

=(6/100)*1800

=108

Salesperson will make $108 in $1800 sales

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The solution is given in the image below

The solution is given in the image below
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Step-by-step answer
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Here,

tip=18%of $32

tip=(18/100)*32

=0.18*32

=$5.76

Total payment=32+5.76=$37.76

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