Exercise deal with data from the U. S. Bureau of the Census on populations of...
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Accounting
Exercise deal with data from the U. S. Bureau of the Census on populations of major cities. These data allow us to find how fast the population is growing and when it will reach certain levels. Such calculations are very important, because they indicate the future needs of the population for goods and services and how well the area can support the population. a. Develop the model that represents the population of Los Angeles (see Exercise). b. Predict the population in 2020. c. Predict the population in 2014. d. Predict when the population will be 50% more than its 2011 population. Exercise The second largest city in the United States is Los Angeles. Its population in 2011 was 3,823 (in thousands); in 2012, it was 3,858. a. Convert this information to two ordered pairs (t, p), where t measures years since 2011 and p measures population in thousands. b. Find At, the change in time. c. Find Ap, the change in population. d. Find Apl At, the average growth rate. e. Find (Ap/At)/p, the relative growth rate
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