Question
College Graduates: An equation to approximate the percentage of the U.S. population ages 25-34 with a bachelor's degree or higher can be given by the
College Graduates:
An equation to approximate the percentage of the U.S. population ages 25-34 with a bachelor's degree or higher can be given by the model P=0.3/8n + 30.5 , where n is the number of years after 2009.
a. According to the model, what percentage of the U.S. population ages 25-34 had a bachelor's degree or higher in 2009 (n=0)?
b. According to the model, what percentage of the U.S. population ages 25-34 had a bachelor's degree or higher in 2015 (n=6)?
c. According to the model, what percentage of the U.S. population ages 25-34 will have a bachelor's degree in 2020 (n=11)?
d. In which year will 50% of the U.S. population ages 25-34 have a bachelor's degree or higher? Round your answer to the nearest year.
e. According to the model, 100% of the U.S. population ages 25-34 will have a bachelor's degree or higher in 2192. Do you think this is reasonable? Why or why not?
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