Question: From Differential Equations, 4th Edition, by Paul Blanchard, Robert Devaney and Glen Hall Lab 1.4 State: Montana Year Population 1850 1860 1870 21 1880 39

From Differential Equations, 4th Edition, by Paul Blanchard, Robert Devaney and Glen Hall

Lab 1.4

State: Montana

Year Population
1850
1860

1870

21
1880 39
1890 143
1900 243
1910 376
1920 549
1930 538
1940 559
1950 591
1960 675
1970 694
1980 787
1990 799
2000 902

A. Using an exponential growth model, determine as accurate a prediction as possible for the population of your state in the year 2010. How much does your prediction differ from the prediction that comes from linear extrapolation using the populations in 1990 and 2000? To what extent do solutions of your model agree with historical data?

B. Produce a logistic growth model for the population of your state. What is the carrying capacity for your model? Using Euler's method, predict the population in the years 2010 and 2050. Using analytic techniques, obtain a formula for the population function P(t) that satisfies your model. To what extent do solutions of your model agree with historical data?

C. Comment on how much confidence you have in your predictions of the future populations. Discuss which model, exponential or logistic growth, is better for your data and why (if neither is very good, suggest alternatives).

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!