They're inequalities (and an absolute value). Basically when they write this:
[tex]
\sqrt{x+3}-0.5 < \frac{7}{4}+\frac{x}{4} < \sqrt{x+3}+0.5\[/tex]
They mean that [tex]\frac{7+x}{4}[/tex] is "within" the range ±0.5 of
[tex]\sqrt{x+3}[/tex]
when "x" is some range or set of values.
In other words, think of it as an error in measurement of something. Ex: "This tube is 1mm wide, plus or minus 0.01mm". It's very similar, you could write the diameter of the tube almost in the same way.
So in reality they're asking you to solve these two inequalities:
[tex]
\sqrt{x+3}-0.5 < \frac{7}{4}+\frac{x}{4}[/tex]
and
[tex]
\frac{7}{4}+\frac{x}{4} < \sqrt{x+3}+0.5\[/tex]
for x. However, you need to find x that makes both true simultaneously. They seem to be doing it graphically. Does this clear things up a little?