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%?
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 3SE: The Oxford Dictionary defines the word nominal asa value that is “stated or expressed but...
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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%?
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