ELEMENTARY+INTERMEDIATE ALGEBRA
ELEMENTARY+INTERMEDIATE ALGEBRA
6th Edition
ISBN: 9781285074672
Author: Larson
Publisher: CENGAGE L
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Chapter 2.7, Problem 45E

a.

To determine

Whether the U.S Government received more money or less money over the period 1995-2000 without doing any calculations.

a.

Expert Solution
Check Mark

Answer to Problem 45E

The U.S. Government received more money than it spent over the period 1995-2000

Explanation of Solution

Given: consider the table provided in the question,

ELEMENTARY+INTERMEDIATE ALGEBRA, Chapter 2.7, Problem 45E , additional homework tip  1

Compare each year of deficit with each year of surplus, that is,

1995 with 2000 ……(1)

1996 with 1999 ……(2)

1997 with 1998 ……(3)

In (1), (2) and (3), money received in the years of surplus is more than money spent in the years of deficit.

Conclusion:

The U.S. Government received more money than it spent over the period 1995-2000

 

b.

To determine

To calculate: the overall surplus or deficit

 

b.

Expert Solution
Check Mark

Answer to Problem 45E

  =(164.0)+(107.5)+(22.0)+69.2+124.6+236.4=136.7

The U.S. Government received an overall surplus of $137 Billion

Explanation of Solution

Given: consider the table provided in the question,

ELEMENTARY+INTERMEDIATE ALGEBRA, Chapter 2.7, Problem 45E , additional homework tip  2

Calculation:

Add all the values of surplus or deficit in the table,

The resultant value is positive, therefore, the Government received more than it spent.

Conclusion:

Hence, the U.S. Government received an overall surplus of $137 Billion

c.

To determine

the mean annual surplus or deficit of the period 1995-2000.

c.

Expert Solution
Check Mark

Answer to Problem 45E

The mean annual surplus is $22.8 billion

Explanation of Solution

Given: Consider the table provided in the question,

ELEMENTARY+INTERMEDIATE ALGEBRA, Chapter 2.7, Problem 45E , additional homework tip  3

Concept Used:

  mean=totalsumn

Calculation:

In the provided data,

Total sum = $136.7, that is, the total surplus earned by the U.S. Government.

n = 6, that is, number of years in the provided period.

Evaluate the values in the formula,

  mean=136.76=22.78=22.8

Conclusion:

hence, the mean annual surplus of the period 1995-2000 is $22.8 billion.

d.

To determine

To determine: the median annual surplus or deficit of the period 1995-2000.

d.

Expert Solution
Check Mark

Answer to Problem 45E

The median annual surplus is $23.6 billion

Explanation of Solution

Given: Consider the table provided in the question,

ELEMENTARY+INTERMEDIATE ALGEBRA, Chapter 2.7, Problem 45E , additional homework tip  4

Calculation:

Arrange the provided surplus and deficit values from the table in ascending order, that is, smallest to the largest,

-164.0, -107.5, -22.0, 69.2, 124.6, 236.4

Since, the number of values is even, find the first mid-value.

  n2=62=3

Next find the second term,

  n2+1=62+1=3+1=4

Now, calculate the average of 3rd and 4th values,

  =22.0+69.22=47.22=23.6

Median annual surplus is more than mean annual surplus

Conclusion:

hence, the median annual surplus of the period 1995-2000 is $23.6 billion.

Chapter 2 Solutions

ELEMENTARY+INTERMEDIATE ALGEBRA

Ch. 2.1 - Prob. 11PSQCh. 2.1 - Prob. 1CCh. 2.1 - Prob. 2CCh. 2.1 - Prob. 3CCh. 2.1 - Prob. 4CCh. 2.1 - Prob. 5CCh. 2.1 - Prob. 6CCh. 2.1 - Prob. 7CCh. 2.1 - Prob. 8CCh. 2.1 - Prob. 9CCh. 2.1 - Prob. 10CCh. 2.1 - Prob. 1ECh. 2.1 - Prob. 2ECh. 2.1 - Prob. 3ECh. 2.1 - Prob. 4ECh. 2.1 - Prob. 5ECh. 2.1 - Prob. 6ECh. 2.1 - Prob. 7ECh. 2.1 - Prob. 8ECh. 2.1 - Prob. 9ECh. 2.1 - Prob. 10ECh. 2.1 - Prob. 11ECh. 2.1 - Prob. 12ECh. 2.1 - Prob. 13ECh. 2.1 - Prob. 14ECh. 2.1 - Prob. 15ECh. 2.1 - Prob. 16ECh. 2.1 - Prob. 17ECh. 2.1 - Prob. 18ECh. 2.1 - Prob. 19ECh. 2.1 - Prob. 20ECh. 2.1 - Prob. 21ECh. 2.1 - Prob. 22ECh. 2.1 - Prob. 23ECh. 2.1 - Prob. 24ECh. 2.1 - Prob. 25ECh. 2.1 - Prob. 26ECh. 2.1 - Prob. 27ECh. 2.1 - Prob. 28ECh. 2.1 - Prob. 29ECh. 2.1 - Prob. 30ECh. 2.1 - Prob. 31ECh. 2.1 - Prob. 32ECh. 2.1 - Prob. 33ECh. 2.1 - Prob. 34ECh. 2.1 - Prob. 35ECh. 2.1 - Prob. 36ECh. 2.1 - Prob. 37ECh. 2.1 - Prob. 38ECh. 2.1 - Prob. 39ECh. 2.1 - Prob. 40ECh. 2.1 - Prob. 41ECh. 2.1 - Prob. 42ECh. 2.1 - 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Prob. 52ECh. 2.4 - Prob. 53ECh. 2.4 - Prob. 54ECh. 2.5 - Prob. 1CCh. 2.5 - Prob. 2CCh. 2.5 - Prob. 3CCh. 2.5 - Prob. 4CCh. 2.5 - Prob. 5CCh. 2.5 - Prob. 1ECh. 2.5 - Prob. 2ECh. 2.5 - Prob. 3ECh. 2.5 - Prob. 4ECh. 2.5 - Prob. 5ECh. 2.5 - Prob. 6ECh. 2.5 - Prob. 7ECh. 2.5 - Prob. 8ECh. 2.5 - Prob. 9ECh. 2.5 - Prob. 10ECh. 2.5 - Prob. 11ECh. 2.5 - Prob. 12ECh. 2.5 - Prob. 13ECh. 2.5 - Prob. 14ECh. 2.5 - Prob. 15ECh. 2.5 - Prob. 16ECh. 2.5 - Prob. 17ECh. 2.5 - Prob. 18ECh. 2.5 - Prob. 19ECh. 2.5 - Prob. 20ECh. 2.5 - Prob. 21ECh. 2.5 - Prob. 22ECh. 2.5 - Prob. 23ECh. 2.5 - Prob. 24ECh. 2.5 - Prob. 25ECh. 2.5 - Prob. 26ECh. 2.5 - Prob. 27ECh. 2.5 - Prob. 28ECh. 2.5 - Prob. 29ECh. 2.5 - Prob. 30ECh. 2.5 - Prob. 31ECh. 2.5 - Prob. 32ECh. 2.5 - Prob. 33ECh. 2.5 - Prob. 34ECh. 2.5 - Prob. 35ECh. 2.5 - Prob. 36ECh. 2.5 - Prob. 37ECh. 2.5 - Prob. 38ECh. 2.5 - Prob. 39ECh. 2.5 - Prob. 40ECh. 2.5 - Prob. 41ECh. 2.5 - Prob. 42ECh. 2.5 - Prob. 43ECh. 2.5 - Prob. 44ECh. 2.5 - Prob. 45ECh. 2.5 - Prob. 46ECh. 2.5 - Prob. 47ECh. 2.5 - Prob. 48ECh. 2.5 - Prob. 49ECh. 2.5 - Prob. 50ECh. 2.5 - Prob. 51ECh. 2.5 - Prob. 52ECh. 2.5 - Prob. 53ECh. 2.5 - Prob. 54ECh. 2.5 - Prob. 55ECh. 2.5 - Prob. 56ECh. 2.5 - Prob. 57ECh. 2.5 - Prob. 58ECh. 2.5 - Prob. 59ECh. 2.5 - Prob. 60ECh. 2.5 - Prob. 61ECh. 2.5 - Prob. 62ECh. 2.5 - Prob. 63ECh. 2.5 - Prob. 64ECh. 2.5 - Prob. 65ECh. 2.6 - Prob. 1CCh. 2.6 - Prob. 2CCh. 2.6 - Prob. 3CCh. 2.6 - Prob. 4CCh. 2.6 - Prob. 1ECh. 2.6 - Prob. 2ECh. 2.6 - Prob. 3ECh. 2.6 - Prob. 4ECh. 2.6 - Prob. 5ECh. 2.6 - Prob. 6ECh. 2.6 - Prob. 7ECh. 2.6 - Prob. 8ECh. 2.6 - Prob. 9ECh. 2.6 - Prob. 10ECh. 2.6 - Prob. 11ECh. 2.6 - Prob. 12ECh. 2.6 - Prob. 13ECh. 2.6 - Prob. 14ECh. 2.6 - Prob. 15ECh. 2.6 - Prob. 16ECh. 2.6 - Prob. 17ECh. 2.6 - Prob. 18ECh. 2.6 - Prob. 19ECh. 2.6 - Prob. 20ECh. 2.6 - Prob. 21ECh. 2.6 - Prob. 22ECh. 2.6 - Prob. 23ECh. 2.6 - Prob. 24ECh. 2.6 - Prob. 25ECh. 2.6 - Prob. 26ECh. 2.6 - Prob. 27ECh. 2.6 - Prob. 28ECh. 2.6 - Prob. 29ECh. 2.6 - Prob. 30ECh. 2.6 - Prob. 31ECh. 2.6 - Prob. 32ECh. 2.6 - Prob. 33ECh. 2.6 - Prob. 34ECh. 2.6 - Prob. 35ECh. 2.6 - Prob. 36ECh. 2.6 - Prob. 37ECh. 2.6 - Prob. 38ECh. 2.6 - Prob. 39ECh. 2.6 - Prob. 40ECh. 2.6 - Prob. 41ECh. 2.6 - Prob. 42ECh. 2.6 - Prob. 43ECh. 2.6 - Prob. 44ECh. 2.6 - Prob. 45ECh. 2.6 - Prob. 46ECh. 2.6 - Prob. 47ECh. 2.6 - Prob. 48ECh. 2.6 - Prob. 49ECh. 2.6 - Prob. 50ECh. 2.6 - Prob. 51ECh. 2.6 - Prob. 52ECh. 2.6 - Prob. 53ECh. 2.6 - Prob. 54ECh. 2.6 - Prob. 55ECh. 2.6 - Prob. 56ECh. 2.6 - Prob. 57ECh. 2.6 - Prob. 58ECh. 2.7 - Prob. 1CCh. 2.7 - Prob. 2CCh. 2.7 - Prob. 3CCh. 2.7 - Prob. 4CCh. 2.7 - Prob. 5CCh. 2.7 - Prob. 6CCh. 2.7 - Prob. 7CCh. 2.7 - Prob. 8CCh. 2.7 - Prob. 9CCh. 2.7 - Prob. 10CCh. 2.7 - Prob. 11CCh. 2.7 - Prob. 12CCh. 2.7 - Prob. 13CCh. 2.7 - Prob. 14CCh. 2.7 - Prob. 15CCh. 2.7 - Prob. 16CCh. 2.7 - Prob. 17CCh. 2.7 - Prob. 18CCh. 2.7 - Prob. 1ECh. 2.7 - Prob. 2ECh. 2.7 - Prob. 3ECh. 2.7 - Prob. 4ECh. 2.7 - Prob. 5ECh. 2.7 - Prob. 6ECh. 2.7 - Prob. 7ECh. 2.7 - Prob. 8ECh. 2.7 - Prob. 9ECh. 2.7 - Prob. 10ECh. 2.7 - Prob. 11ECh. 2.7 - Prob. 12ECh. 2.7 - Prob. 13ECh. 2.7 - Prob. 14ECh. 2.7 - Prob. 15ECh. 2.7 - Prob. 16ECh. 2.7 - Prob. 17ECh. 2.7 - Prob. 18ECh. 2.7 - Prob. 19ECh. 2.7 - Prob. 20ECh. 2.7 - Prob. 21ECh. 2.7 - Prob. 22ECh. 2.7 - Prob. 23ECh. 2.7 - Prob. 24ECh. 2.7 - Prob. 25ECh. 2.7 - Prob. 26ECh. 2.7 - Prob. 27ECh. 2.7 - Prob. 28ECh. 2.7 - Prob. 29ECh. 2.7 - Prob. 30ECh. 2.7 - Prob. 31ECh. 2.7 - Prob. 32ECh. 2.7 - Prob. 33ECh. 2.7 - Prob. 34ECh. 2.7 - Prob. 35ECh. 2.7 - Prob. 36ECh. 2.7 - Prob. 37ECh. 2.7 - Prob. 38ECh. 2.7 - Prob. 39ECh. 2.7 - Prob. 40ECh. 2.7 - Prob. 41ECh. 2.7 - Prob. 42ECh. 2.7 - Prob. 43ECh. 2.7 - Prob. 44ECh. 2.7 - Prob. 45ECh. 2.7 - Prob. 46ECh. 2.7 - Prob. 47ECh. 2.7 - Prob. 48ECh. 2.7 - Prob. 49ECh. 2.7 - Prob. 50ECh. 2.7 - Prob. 51ECh. 2.7 - Prob. 52ECh. 2.7 - Prob. 53ECh. 2.7 - Prob. 54ECh. 2.7 - Prob. 55ECh. 2.7 - Prob. 56ECh. 2 - Prob. 1MCQCh. 2 - Prob. 2MCQCh. 2 - Prob. 3MCQCh. 2 - Prob. 4MCQCh. 2 - Prob. 5MCQCh. 2 - Prob. 6MCQCh. 2 - Prob. 7MCQCh. 2 - 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