Raymond B. answered 04/03/22
Math, microeconomics or criminal justice
S(t) =-.0013t^2 + .032t +4.8
D(t) = .0004t^2 + .0235t + 5
Nursing Shortage = G(t) = D(t)-S(t) =(.0004+ .0013)t^2 +(.0234 -.032)t + 5-4.8
=.0017t^2 -.00862t - .2
initially, in the year 2000, at time t=0, the shortage = 0.2 million= 200,000
in 2015, at time t=15, the shortage = .017(225) - .0172(15) +.2 = 3.825 -.258 +.2
= 3.767 million = 3,767,000
take the derivative and set = 0
G'(t) = .0034t -.00862 = 0
t= .00862/.0034 = about 2.69375= the year 2002
with a Nursing shortage = .0017(2.69375)^2 - .00862(2.69375) -.2 = .01233569 - .023220125 +.2= .189115565
= 189,116
Graphically it's an upward opening parabola with vertex (2.6938, 0.1891) in the year 2002
the global maximum in the interval (0,15) or (2000, 2015) at 2015. 2002 has the smallest nursing shortage
the global and local or relative minimum is in the year 2002 with 0.1891 million rounded to 4 decimal places
(t, G(t) = (2.6938, 0.1891)
there is no relative maximum in the 15 year interval. DNE. It does not exist