In 1950 the Number of Retirees Was Approximately 150 Per

question 159

Multiple Choice

In 1950 the number of retirees was approximately 150 per thousand people aged 20-64. In 1990 this number rose to approximately 200, and it is projected to rise to 275 in 2020. Model ​N as a piecewise linear function of the time t in years since 1950, and use your model to project the number of retires per thousand people aged 20-64 in 1965. (Round you answer to the nearest integer.) ​

• A)169 people per thousand
• B) 219 people per thousand
• C) 203 people per thousand
• D) 152 people per thousand
• E) 118 people per thousand

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Definitions:

Total Asset Turnover Ratio

A financial metric that measures the efficiency of a company at using its assets to generate revenue.

Sales Revenue

The income received from selling goods or services over a period of time.

Average Total Assets

The mean value of all the assets a company owns, calculated over a specific period of time, typically used to assess company size or efficiency.