5 Section 1.2 – Estimation, Graphs, and Mathematical Models Objective #1: Applying estimation techniques to approximate answers. Estimating means to do the rounding before we do the problem. If we are given a place value, we round each number to that place value and then perform the operations. Estimate the following: Ex. 1 1175 + 326 + 79 + 5 Solution: First, round each number to the nearest hundred and then add: 1175 → 1200 → 1200 326 → 300 → 300 79 → 100 → 100 +5 → +0 → +0 1600 The answer is 1600. Ex. 2 In the year 2000, the US population was 282,158,336 people. By the year 2010, it had increased by 28,074,527 people. For the year 2050, the US population is projected to be 439,010,253 people. (Source: www.census.gov) a) Round each figure to the nearest million and estimate the US population in 2010. b) Round each figure to the nearest million and estimate the projected change in the US population from 2000 to 2050. Solution: a) 282,158,336 → 282,000,000 + 28,074,527 → + 28,000,000 310,000,000 The US population was 310 million people in 2010. b) 439,010,253 → 439,000,000 – 282,158,336 → – 282,000,000 157,000,000 The US population is expected to grow by 157 million people from 2000 to 2050. 6 Ex. 3 Juanita pays $3.10 per day to ride the bus back and forth to work Monday through Friday. If a monthly bus pass is $40, is it cheaper for her to buy a monthly bus pass? Solution: We can estimate how much she pays per month without a bus pass. For one week, she pays $3.10 per day for five days: ≈ $3 5days • day week = $15 week There are approximately four weeks in a given month: ≈ $15 4 weeks • week month = $60 per month € it is cheaper € €Thus, for her to buy a monthly pass. Objective #2: Reading and Interpreting Circle Graphs (Pie Charts) € € Circle graphs use sectors to represent the data for different categories. Usually, the sector is a percentage of the whole circle graph. Consider the following example. Use the graph below to answer the following questions: Ex. 4 The circle graph below shows the percentage of different types of tickets issued by a local police department during a particular year. Other Not stopping at a stop sign 5% 8% Illegally parked 35% 12% Speeding 19% Driving under the influence a) 21% Running a red light What was the most common ticket issued? 7 b) If 19,375 tickets were issued last year, estimate the number of tickets issued for running a red light? c) If 182 tickets were issued for driving under the influence last month, estimate the total number of tickets issued last month. Solution: a) The most common ticket issued was for speeding. b) We need to find 21% of 19,375: Running a red light tickets is 21% of 19,375. = 0.21•19,375 ≈ 0.20•20,000 = 4,000 So, approximately 4,000 tickets were issued for running a red light last year. c) 182 is 19% of the total tickets: 182 = 0.19•T Estimate: 200 ≈ 0.20T or 200/0.20 ≈ T which yields 1000 So, approximately 1,000 tickets were issued last month. Objective #3: Reading and Interpreting Bar Graphs Bar graphs use bars to represent the data for different categories. Sometimes a bar graph is drawn horizontal and sometimes vertically. A bar graph may appear as a single, double, or triple bar graph. Use the graph below to answer the following questions: Ex. 5 Number of new houses sold in the US per month Source: (http://www.census.gov/construction/nrs/) 8 a) b) c) d) Which month had the lowest number of new homes sold? Which month had the highest number of new homes sold? Approximately how many new homes were sold in Jun, 2013? What is the difference in the number of new homes sold in Jun, 2013 and Nov, 2012? Solution: a) The ninth bar is the lowest. So, Jul, 2013 had the lowest. b) The twelfth bar is the highest. So, Oct, 2013 had the highest. c) Approximately 450,000 homes. d) ≈ 450,000 – 400,000 = 50,000. So, ≈ 50,000 more new homes were sold in Jun, 2013. Use the graph below to answer the following questions: Average cost per year of going to a fouryear institution in 2013-2014 dollars Ex. 6 $40,000 $35,000 $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 $0 – Four-Year Private College/University – Four-Year Public College/University Source: U.S. Department of Education, National Center for Education Statistics a) b) c) Estimate the change in cost per year in attending a four-year public college/university from 2007-08 to 2012–13. If the cost continues to change at that rate, estimate the cost to attend a four-year public college/university in 2026–27. Find a mathematical model to find the cost, x years after 2012-13. 9 Solution: a) The cost in 2007–08 was approximately $15,000 and the cost in 2012–13 was approximately $17,500. Thus, the increase in cost was $17500 – $15000 = $2500 over that five year period. This mean that the cost increased by ≈ $2500/5 years ≈ $500 per year. b) 2026–27 is 14 years later than 2012-13. So, the cost is estimated to be $500(14) + $17,500 = $24,500. c) Replace 14 by x in part b) to get a model: c = $500x + $17,500. Objective #4: Reading and Interpreting Line Graphs Line graphs use points connected by lines to represent the data for different categories. It may appear as a single or double line graph. Use the graph below to answer the following questions: Ex. 7 Texas Florida Source: www.census.gov a) b) Approximately what year is Texas' population projected to reach 30 million people? If, in 2010, 8% of the US population lived in Texas, what was the US population in 2010? Solution: a) The line crosses 30 million between 2020 and 2025 , but it is a little closer to 2025. So, it is projected to reach 30 million in 2023. b) In 2010, Texas' population is about 25 million. So, we are looking for 25 million is 8% of the total population: 25 = 0.08•total or 25/0.08 = 312.5 million. 10 Use the graph below to answer the following questions: Ex. 8 Median income of the Middle Class adjusted for inflation $59,000 $58,000 $57,000 $56,000 $55,000 $54,000 $53,000 $52,000 $51,000 $50,000 Source: US Census Bureau a) Estimate the median income in 2009. b) Between what two years did the median income decrease the greatest? For what year(s) was the median income below $53,000? If the median income continues to decrease at the same rate as it did from 2000 to 2014, find a mathematical model for finding the median income x years after 2000 and use the model to find the median income in 2018. Solution: a) The median income was approximately $55,000. b) The greatest decrease occurred between 2007 and 2008. c) The median income was below $53,000 for the years 2011 and 2012. d) The median income in 2000 was ≈ $57,750 and the median income in 2014 was ≈ $53,750, so, the median income was changing by ($53,750 – $57,750)/(2014 – 2000) = – $4000/14 years ≈ – $286 per year So, our model would be median inc. = mx + b = – 286x + 57,750 Since 2018 is 18 years after 2000, then median inc. = – 286(18) + 57,750 = $52,602 ≈ $52,500. c) d)
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