12.55 Growth by year versus decade It is expected that the female population in a city will...
Question:
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.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Statistics The Art And Science Of Learning From Data
ISBN: 9781292164878
4th Global Edition
Authors: Alan Agresti, Christine A. Franklin, Bernhard Klingenberg
Question Posted: