Question: [#23 from page 156 (instructor modified)]. A 10-year study of one U.S. city’s residents

suggests an annual increase in the number of building permits issued for single family

dwellings "SFDs". The study indicates that 45,0 00 permits were issued in 1995 (the

base year, with t = 0 ), while 5 8 ,00 0 permits were issued in 2005 (ten years later).

1. [ 2 ] Use the data for 1995 and 2005 to develop the linear estimating model n = f ( t ).
2. [ 2 ] Indicate the magnitude of the function’s slope and interpret its meaning.
3. [ 1 ] Estimate how many "SFD" permits this city might be expected to issue in 2006 .
4. [ 1 ] In what year would the city be expected to have issued 63,200 "SFD" permits?

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