Question: 14.39. Example 14.8 showed a predicted U.S. population size (in millions) x decades after 1890 of y = 73.175(1.130)x. (a) Show this is equivalent to

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.

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 Statistical Sampling To Auditing Questions!

Q:

Example 14.8 showed a predicted U.S. population size (in millions) x decades after 1890 of y = 73.175(1.130)x. (a) Show this is equivalent to 1.23% predicted growth per year. [Hint: (1.0123)10 =...

Q:

12.94 Population growth Exercise 12.57 about U.S. population growth showed a predicted growth rate of 13% per decade. a. Show that this is equivalent to a 1.23% predicted growth per year. b. Explain...

Q:

Exercise 12.57 about U.S. population growth showed a predicted growth rate of 13% per decade. a. Show that this is equivalent to a 1.23% predicted growth per year. b. Explain why the predicted U.S....

Q:

S My In Co + AC In Co In Co In Ex @ He SE( M Int M Int y Ce + Go |4 My | Jot|W W: | Go * X| Ho| Mi G AU + X + > C D A coursehero.com/qa/wait/38904455/?question_id=38904455 B Update Introduction...

Q:

You have just begun a new stage in your careeryou have been hired to be the Human Resources (HR) Manager for Berkley Innovative Technologies. Upon meeting the CEO, she described how the company's...

Q:

Based on the advance reading about the CVS Corporation (CVS), answer the following questions. Where indicted, your answers should be specific to the facts in the CVS and not speak in generalities. I...

Q:

1. Calculate the cost of each capital component, after-tax cost of debt, cost of preferred, and cost of equity with the DCF method and CAPM method. 2. What do you estimate the company?s WACC? Please...

Q:

MGMT4308 DR. HUANG Knowledge Base for General Environmental Analysis1 The general environment is composed of factors that can have dramatic effects on firm strategy. We divide the general environment...

Q:

Attached is the assignment requirement and 2 previous assignments as example 1- the assignment should be zero plagiarism and similarity (no copy ans paste is accepted) 2- should be completed in the...

Q:

JUUSULW.ICUSCI Abstract Brooks Hamilton recently completed his third year in college and has just started a summer internship at a prestigious Wall Street investment firm. The investment firm is very...

Q:

What are genes? What genes cause Multiples Sclerosis?

Q:

You purchased 100 shares of Voodoo stock for $40 per share 3 years ago. If you sold those shares today at the current market price of $150 per share, what would be your capital gain on the sale,...

Q:

Bert Becker, single, is a 4 0 % member in the Becker Brewing Company, LLC , and has a basis in his LLC interest of $ 3 5 , 0 0 0 and an at - risk amount of $ 3 0 , 0 0 0 . Bert also has a 7 0 %...

Q:

What part of the ear separates the outer or external ear from the middle ear?

Q:

A diagnostic test has sensitivity = specificity = 0.80. Find the odds ratio between true disease status and the diagnostic test result.

Q:

Table 2.9 is based on records of accidents in 1988 compiled by the Department of Highway Safety and Motor Vehicles in Florida. Identify the response variable, and find and interpret the difference of...

Q:

Consider the following two studies reported in the New York Times. a. A British study reported (Dec. 3, 1998) that of smokers who get lung cancer, women were 1.7 times more vulnerable than men to get...

Q:

3 ook Wilson Pharmaceuticals' stock has done very well in the market during the last three years. It has risen from $25 to $50 per share. The firm's current statement of stockholders' equity is as...

Q:

possible Sole Sisters Company has two product lines: Hiking boots and Fashion boots. Income statement data for the most recent year follow: Sales revenue Variable expenses Contribution margin Fixed...

Q:

Current Attempt in Progress Your answer is partially correct. Gruden Company produces golf discs which it normally sells to retailers for $7 each. The cost of manufacturing 15,400 golf discs is:...