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Answer:
The amount of jobs from fitting industry shall decline in 5.5 percent from 2015 to 2025.
Step-by-step explanation:
Due to the assumption of a yearly average rate, a linear function model shall be used. The expected amount of jobs () after a certain amount of years (t) is given by the following formula:
Where:
- Initial amount of jobs in pipe fitting industry, measured in thousands.
- Average yearly rate, measured in thousands per year. (A decline is indicated by a negative sign)
If ,
and
, then:
The percent change in jobs from pipe fitting industry is calculated as follows:
The amount of jobs from fitting industry shall decline in 5.5 percent from 2015 to 2025.