Question

A population analysist is using the formula Pn = 25.8(1.0219)h to predict the population for Ghana, a country in Africa. What does the number in in parenthesis tell us?​

Answer 1

Answer:

Kindly check explanation

Step-by-step explanation:

Given the formula :

Pn = 25.8(1.0219)^h to predict the population of Ghana ;

The equation given is in the form of an exponential function:

The general form of an exponential distribution :

y = ab^x

a = Initial value ; b = constant multiplier or growth or Decay factor

Comparing :

The number in parenthesis = 1.0219 = b

b = Decay or growth factor :

Since b > 1 ; then We have a growth factor;

b = 1 + rate

1.0219 = 1 + rate

Rate = 1.0219 - 1

Rate = 0.0219

Hence, the population is growing at a rate of about (0.0219)*100% = 2.19%