12.55 Growth by year versus decade It is expected that the female population in a city will...

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12.55 Growth by year versus decade It is expected that the female population in a city will double in two decades.

a. Explain why this is possible for a growth rate of 3.6% a year. (Hint: What does 11.036220 equal?)

b. You might think that a growth rate of 5% a year would result in 100% growth (i.e. the female population doubles)

over two decades. Explain why a growth rate of 5% a year would actually cause the female population to multiply by 2.65 over two decades.

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Related Book For  book-img-for-question

Statistics The Art And Science Of Learning From Data

ISBN: 9781292164878

4th Global Edition

Authors: Alan Agresti, Christine A. Franklin, Bernhard Klingenberg

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