During the pandemic many people relocated to less dense neighborhoods, as they were able to work remotely. One such city, Happyville, has experienced an influx of residents and continues to do so because of the lower cost of living and lower taxes. The Mayor asked the town planner to estimate the current growth rate of booming Happyville.

The following regression is provided, where y = population (in thousands) in time t and x is time (by month) (t=1 for April 2020, 2 for May 2020, etc.)

ln(Happyville Pop) = 2.35+.0807(time) + e

Question 1: What is the approximate growth rate (percentage change from one month to the next)?

Question 2: Approximately how long will it take for Happyville's population to double?