Chapter 1.2, Problem 16E

Reminder Round all answers to two decimal places unless otherwise indicated.

New Construction The following table shows the value $B$, in billions of dollars, of new construction put in place in the United States during the year $t$.

$t=Year$	$B=Value$ (billions of dollars)
$2000$	$831.1$
$2003$	$891.5$
$2006$	$1167.6$
$2009$	$935.6$

a. Make a table showing, for each of the $3$-year periods, the average yearly rate of change in $B$.

b. Explain in practical terms what $B\left(2008\right)$ means, and estimate its value.

c. Over what period was the growth in value of new construction the greatest?

d. According to the table, in what year was the value of new construction the greatest?