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%?
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%?
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
Related questions
Question
100%
![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%?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F31a97aa3-2651-43cf-b59b-0af0f65c4959%2Ff2152287-ad7f-4757-9e43-23ee5222ed10%2Fqq1i31_processed.png&w=3840&q=75)
Transcribed Image Text: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%?
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![Algebra and Trigonometry (6th Edition)](https://www.bartleby.com/isbn_cover_images/9780134463216/9780134463216_smallCoverImage.gif)
Algebra and Trigonometry (6th Edition)
Algebra
ISBN:
9780134463216
Author:
Robert F. Blitzer
Publisher:
PEARSON
![Contemporary Abstract Algebra](https://www.bartleby.com/isbn_cover_images/9781305657960/9781305657960_smallCoverImage.gif)
Contemporary Abstract Algebra
Algebra
ISBN:
9781305657960
Author:
Joseph Gallian
Publisher:
Cengage Learning
![Linear Algebra: A Modern Introduction](https://www.bartleby.com/isbn_cover_images/9781285463247/9781285463247_smallCoverImage.gif)
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
![Algebra and Trigonometry (6th Edition)](https://www.bartleby.com/isbn_cover_images/9780134463216/9780134463216_smallCoverImage.gif)
Algebra and Trigonometry (6th Edition)
Algebra
ISBN:
9780134463216
Author:
Robert F. Blitzer
Publisher:
PEARSON
![Contemporary Abstract Algebra](https://www.bartleby.com/isbn_cover_images/9781305657960/9781305657960_smallCoverImage.gif)
Contemporary Abstract Algebra
Algebra
ISBN:
9781305657960
Author:
Joseph Gallian
Publisher:
Cengage Learning
![Linear Algebra: A Modern Introduction](https://www.bartleby.com/isbn_cover_images/9781285463247/9781285463247_smallCoverImage.gif)
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
![Algebra And Trigonometry (11th Edition)](https://www.bartleby.com/isbn_cover_images/9780135163078/9780135163078_smallCoverImage.gif)
Algebra And Trigonometry (11th Edition)
Algebra
ISBN:
9780135163078
Author:
Michael Sullivan
Publisher:
PEARSON
![Introduction to Linear Algebra, Fifth Edition](https://www.bartleby.com/isbn_cover_images/9780980232776/9780980232776_smallCoverImage.gif)
Introduction to Linear Algebra, Fifth Edition
Algebra
ISBN:
9780980232776
Author:
Gilbert Strang
Publisher:
Wellesley-Cambridge Press
![College Algebra (Collegiate Math)](https://www.bartleby.com/isbn_cover_images/9780077836344/9780077836344_smallCoverImage.gif)
College Algebra (Collegiate Math)
Algebra
ISBN:
9780077836344
Author:
Julie Miller, Donna Gerken
Publisher:
McGraw-Hill Education