Math Problem Statement
In a particular country the number of retirees was approximately 150 per thousand people aged 20-64 in the first year of keeping that data. Forty years later, this number rose to approximately 200, and it was projected to rise to 275 after 50 years. Model N as a piecewise linear function of the time t in years since the first year, letting t = 0 represent the first year of keeping data. Then use your model to project the number of retires per thousand people aged 20-64 in year 47. (Round your answer to the nearest integer.)
Solution
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Math Problem Analysis
Mathematical Concepts
Piecewise Linear Functions
Linear Interpolation
Algebra
Formulas
Slope formula: m = (y2 - y1) / (x2 - x1)
Point-slope form: y = m(x - x1) + y1
Linear equation for first segment: N(t) = 1.25t + 150 for 0 <= t <= 40
Linear equation for second segment: N(t) = 7.5t - 100 for 40 <= t <= 50
Theorems
Linear function properties
Point-slope form of a line
Suitable Grade Level
Grades 9-12