Axial Deformation and Poisson's Ratio Calculation

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I've been studying this problem, trying to understand the given answer, but still no success.

Homework Statement


<<provided in attachment>>

Homework Equations


Longitudinal Strain
gif.gif

Latitudinal Strain:
gif.gif
where
gif.gif
is the amount the radius contracts, r is original radius

Average Normal Stress:
A.gif

Poisson's Ratio (Longitudinal Strain & Lateral Strain):
%5Cepsilon%20_l_o_n_g.gif

Hooke's Law (Stress & Strain):
gif.gif

Elastic Deformation of an Axially Loaded Member w/ a constant load & cross-sectional area:
gif.gif

(My equations are according to Hibbeler's Mechanics of Materials 8th ed.)

The Attempt at a Solution


This problem was given after studying axial loads. Though it seems that this problem encorporates everything we have learned in the class so far. The way I would have done this problem is to just find the deformation (delta). Subtract the deformatin from "L" to get an new "L" value and then try to find the change in diameter from there by knowing the formula for area of the cross section. But I must not understand the concept at all because the solution shows that's not the approach at all. I did not think Stress & Strain was something I had to calculate.

The following is my attempt to understand the steps:

Looking at the solution, I'm not sure what the 0.35 is. Or why it is calculated. I thought it was
gif.gif
at first. But when I calculate
gif.gif
using the eqn above I cannot get 0.35. Or it might be the dividend of (diameter/length) but then that means there is a power of 10 error. The next part is calculated stress then strain using Hooke's Law. Then the solution uses Poisson's Ratio to find
gif.gif
with the 0.35 earlier which I assume is
gif.gif
. Then by using the strain in the lattitude direction we can find the reduction of the diameter.

Short version/Main questions: What is the 0.35? How was 0.35 calculated? Why the original method I thought of does not apply here? Why does the method in the solution work?

I appreciate the help. Thank you.
 

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Well, the problem asks for the reduction in the diameter of the bar due to the applied axial load. You know, when you pull on something in the axial direction, it not only gets longer, but it gets narrower as well. The quantity ν = 0.35 is the Poisson's ratio for the material from which this bar is made. This number, Poisson's ratio, relates the transverse deformation of the bar to its longitudinal deformation:

http://en.wikipedia.org/wiki/Poisson's_ratio