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Exercise 4.7.12. [S] [C][Section 4.2][Goal 4.2][(Goal 4.4] Firefighters' pay. On June 10, 2010 The Boston Globe reported that in the five years between 2006 and 2011 Boston firefighters received raises of 2%, 2.5%, 3%, 3.5%, 2.5% and 1.5%. (a) Explain why the overall raise for this five year period is not just the sum of the six percentage increases. What was the firefighters' overall raise for the five year period? (c) Wh at was the firefighters' overall raise when you take inflation into account? [See the back of the book for a hint.] Coal 4 21Goal 4.4] A raise tied to the inflation rate. 1 tn "10% over the rate of inflation":

Exercise 4.7.12. [S] [C][Section 4.2][Goal 4.2][(Goal 4.4] Firefighters' pay. On June 10, 2010 The Boston Globe reported that in the five years between 2006 and 2011 Boston firefighters received raises of 2%, 2.5%, 3%, 3.5%, 2.5% and 1.5%. (a) Explain why the overall raise for this five year period is not just the sum of the six percentage increases. What was the firefighters' overall raise for the five year period? (c) Wh at was the firefighters' overall raise when you take inflation into account? [See the back of the book for a hint.] Coal 4 21Goal 4.4] A raise tied to the inflation rate. 1 tn "10% over the rate of inflation":

MATLAB: An Introduction with Applications
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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Exercise 4.7.12. [S] [C][Section 4.2][Goal 4.2][(Goal 4.4] Firefighters' pay. On June 10, 2010 The Boston Globe reported that in the five years between 2006 and 2011 Boston firefighters received raises of 2%, 2.5%, 3%, 3.5%, 2.5% and 1.5%. (a) Explain why the overall raise for this five year period is not just the sum of the six percentage increases. What was the firefighters' overall raise for the five year period? (c) Wh at was the firefighters' overall raise when you take inflation into account? [See the back of the book for a hint.] Coal 4 21Goal 4.4] A raise tied to the inflation rate. 1 tn "10% over the rate of inflation":
Transcribed Image Text:Exercise 4.7.12. [S] [C][Section 4.2][Goal 4.2][(Goal 4.4] Firefighters' pay. On June 10, 2010 The Boston Globe reported that in the five years between 2006 and 2011 Boston firefighters received raises of 2%, 2.5%, 3%, 3.5%, 2.5% and 1.5%. (a) Explain why the overall raise for this five year period is not just the sum of the six percentage increases. What was the firefighters' overall raise for the five year period? (c) Wh at was the firefighters' overall raise when you take inflation into account? [See the back of the book for a hint.] Coal 4 21Goal 4.4] A raise tied to the inflation rate. 1 tn "10% over the rate of inflation":
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