Final answer:
The projected number of jobs in the field of radiology in 2025 is estimated using a simple growth calculation based on an annual growth rate of 0.9%. Starting with 230,600 jobs in 2014 and applying the growth rate over 11 years, the projected number is approximately 254,919.
Step-by-step explanation:
To calculate the projected number of jobs available in the field of radiology in the year 2025, we need to apply a simple growth formula across the years from 2014 to 2025, based on the given annual growth rate of 0.9%. First, determine the number of years of growth by subtracting 2014 from 2025, which is 11 years. Then, calculate the number of jobs each year by adding 0.9% of the previous year's jobs each subsequent year.
Step-By-Step Calculation:
- Number of years from 2014 to 2025: 2025 - 2014 = 11 years
- Annual growth rate: 0.9%
- Initial number of jobs in 2014: 230,600
- Apply the growth rate for each year:
Projected jobs = Initial jobs × (1 + Annual growth rate)^ⁿ¹ⁱ ^ⁿ¹ - Calculate the projected jobs:
Projected jobs = 230,600 × (1 + 0.009)^11 - Final calculation (using a calculator):
Projected jobs ≈ 230,600 × 1.105170918 = 254,919 (rounded to the nearest whole number)
Therefore, the projected number of jobs available in the field of radiology in the year 2025 is approximately 254,919.