500
7The following table shows the value B, in billions of dollars, of new construction put in place in the United States during year t. Explain in practical terms what B(2000) means, and estimate its value.
t = Year B = Value
(Billion dollars)
1992 639.3
1995 678.2
1998 775.2
2001 814.7
B (2000) = B(2001) - B(1998) / 2001 - 1998 = 814.7 - 775.2 / 3 = 13.17
13.17 is the yearly rate of change between 2001 and 1998
B(2000) = B(1998) + 2 years x previously found yearly rate of change
B (2000) = 775.2 + 2 x 13.17 = 801.54 thus B(2000) was 801.54 billio dollars that year.