14.39. Example 14.8 showed a predicted U.S. population size (in millions) x decades after 1890 of y...

Question:

14.39. Example 14.8 showed a predicted U.S. population size (in millions) x decades after 1890 of ˆy =

73.175(1.130)x.

(a) Show this is equivalent to 1.23% predicted growth per year. [Hint: (1.0123)10 = 1.130.]

(b) Explain why the predictedU.S. population size x years after 1890 is 73.175(1.0123)x.

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