Modify the least-squares procedure, as illustrated in Example 7.4.4, to find a function of the form P(t)

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Modify the least-squares procedure, as illustrated in Example 7.4.4, to find a function of the form P(t) = Aert whose graph best fits the population data in Exercise 26, where P(t) is the U.S. population t decades after 1950.


a. Roughly at what percentage rate is the U.S. population growing?


b. Based on your population function, what would you expect the U.S. population to be in the year 2005? In 2010?



Data from Example 7.4.4.


A manufacturer gathers these data relating the level of production x (hundred units) of a particular commodity to the demand price p (dollars per unit) at which all x units will be sold:


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Data from Exercises 26


The accompanying table gives the U.S. decennial census figures (in millions) for the period 1950–2000:


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Calculus For Business, Economics And The Social And Life Sciences

ISBN: 9780073532387

11th Brief Edition

Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price

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