Answered: Several of the U.S. occupations that…

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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Question

Several of the U.S. occupations that are projected to have the fastest job growth during the decade of the 2020’s are in either the medical or the renewable energy sectors of the economy. For example, the Federal Bureau of Labor Statistics (BLS) projects that “wind turbine service technicians” will be the fastest growing occupation during the decade, with an expected growth rate of 64% after 10 years. “Solar panel installers” is projected to be the third-fastest growing occupation, with an expected growth rate of 51% . Meanwhile, “nurse practitioners” ( projected growth), “occupational therapy assistants” (35% projected growth), and “home health and personal care aides” (34% projected growth) are all among the six occupations projected to grow the fastest.

At the beginning of the decade, there were about 5,700 wind turbine service technicians, about 4,800 solar panel installers, and about 47,100occupational therapy assistants. Using the projected growth rates for each of these occupations provided earlier, what is the overall projected growth rate for these three occupations combined? Round your answer to the nearest tenth of a percent.

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