Question
Canada's most recent census suggests that the population is currently 35.43 million people. Of these Canadians, 19.4% are over the age of 60. Another source
Canada's most recent census suggests that the population is currently 35.43 million people. Of these Canadians, 19.4% are over the age of 60. Another source from 2011 suggests that 12.7% of the population of Toronto is aged 65+. Based on your research, you believe that now, 3 years later, and factoring in a cut-off of 60 years old, this number has increased by 3% (i.e., to 15.7%). Roughly 8.2% or Canada's population resides in Toronto. You are working to develop an assisted-living facility in the heart of Toronto and want to estimate the overall potential segment size, based on age. How many people would you expect to fall into the 60+ segment in Toronto?
Question 8 options:
A) 563,620
B) 6,873,420
C) 410,976
D) 348,792
E) 456,870
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