13. The rise in price in certain commodity was 5% in 1999; 8% in2000 and 77% in 2001. It is said that the average price rise between 1999-2001 was26% and not 30% justify this statement and explain it.

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Answered: 13. The rise in price in certain…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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3. (5.7.12) On June 2, 2010 USA Today reported a story from Bloomberg News that said that the total price tag for the project to build the new F-35 Joint Strike Fighter would be 65% higher than the original $232 billion estimate. The cost now is estimated to be $382 billion. The total cost of each plane would be $112.4 million, up 81% from the original $62 million. The cost to produce each plane would be $92.4 million, about 85% higher than the original estimate of $50 million. a. Check the arithmetic to see that the three percentage increases reported are correct. b. Can you explain how the project cost can have increased by just 65% when the overall total per plane increased by 81% and the construction cost alone increased by almost 85%?
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5. What percent below is closest to the annual percent increase that will allow a town's population of 25,000 to increase to 34,000 over an 8-year period? (1) 3.6% (3) 1.1% (2) 3.9% (4) 4.5%
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13. The rise in price in certain commodity was 5% in 1999; 8% in 2000 and 77% in 2001. It is said that the average price rise between 1999-2001 was 26% and not 30% justify this statement and explain it.