Math Problem Statement

ousing Starts and Construction Jobs The president of a major housing construction firm reports that the number of construction jobs (in millions) created is given by N(x) = 1.47x where x denotes the number of housing starts. Suppose the number of housing starts in the next t months is expected to be x(t) = 8(t + 10)2 (t + 10)2 + 2(t + 15)2 million units. Find an expression for the number of jobs (in millions) created in the next t months. N(t) =

How many jobs (in millions) will have been created 3 months and 12 months from now? (Round your answers to two decimal places.) 3 months million jobs 12 months million jobs

Solution

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Math Problem Analysis

Mathematical Concepts

Algebra
Quadratic Functions
Exponential Growth

Formulas

N(x) = 1.47x
x(t) = 8(t + 10)^2 / ((t + 10)^2 + 2(t + 15)^2)
N(t) = 1.47 * [8(t + 10)^2 / ((t + 10)^2 + 2(t + 15)^2)]

Theorems

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Suitable Grade Level

Grades 11-12 (High School) / Early College