Math Problem Statement
Solution
The question is asking to project the value of , where represents the US debt (in billions of dollars) at time years after 2005, using the data provided in the table. It asks to assume that:
Step-by-Step Solution:
-
Extract values from the table:
- (from the table for )
- (from the table for )
-
Use the second part of the equation: Therefore, the slope of the linear change between and is 1200.
-
Apply this slope to estimate : This simplifies to:
Final Answer:
The projected value of is 24600 billion dollars.
Would you like further details on any step or have additional questions?
Here are five related questions:
- What does the slope represent in the context of this debt data?
- How would the projection change if the slope between different years was used?
- What assumptions are made when using linear projections like this?
- Can you calculate using the same method?
- How accurate are linear models for predicting financial data over long periods?
Tip: Linear projection assumes a constant rate of change, which may not always be accurate for real-world data, especially over extended periods.
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Linear Interpolation
Algebra
Formulas
(f(15) - f(7)) / (15 - 7) = (f(7) - f(2)) / (7 - 2)
Theorems
Linear interpolation theorem
Suitable Grade Level
Grades 9-12
Related Recommendation
Calculate Average Rate of Change in US Debt Over Time (Years 1 to 5)
Solving for Year When Federal Debt Reaches $26.29 Trillion Using Linear Equation
Exponential Growth Model of U.S. National Debt: 1900-2024 Prediction
Modeling Retirees per Thousand as a Piecewise Linear Function
Solving for Year When Debt Exceeds $4000 Billion with Linear Growth