Question
Perfect Population Projections Inc. (PPP) has entered into a contract with the city of Popular, Pennsylvania, to project the future population of the city. Popular
Perfect Population Projections Inc. (PPP) has entered into a contract with the city of Popular, Pennsylvania, to project the future population of the city. Popular has become a popular place in recent years as indicated by the following data:
|
| Total | Total | Basic | Nonbasic |
| Year | Population | Employment | Employment | Employment |
| 2005 | 50,000 | 25,000 | 6,250 | 18,750 |
| 2006 | 53,000 | 26,500 | 6,625 | 19,875 |
| 2007 | 57,000 | 28,500 | 7,125 | 21,375 |
| 2008 | 65,000 | 32,500 | 8,125 | 24,375 |
| 2009 | 70,000 | 35,000 | 8,750 | 26,250 |
| 2010 | ? | ? | 9,000* | ? |
*Estimated from surveys
The contract states that PPP must project Populars population for the year 2005 using both a simple linear method and an economic base analysis. The ratio of population to total employment is 2.0833.
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Precalculus
Authors: Michael Sullivan
9th edition
321716835, 321716833, 978-0321716835
