Question

59 points

Use the table below to calculate the average percent change in population in California from 2000-2009.
If California's population in 2009 was 37,000,000 and the population trend were to continue, what would the population be in the year 2015?

Answer 1

*Add all the percentage than divide by 9 since there is 9 years


1.97+1.71+1.65+1.42+1.22+1.02+1.07+1.22+0.93/9 = 1.3567%


* The number of periods from 2009 to 2015 is 6:


Future: 37,000,000•(1+0.013567)^6 = 40,115,896.06


Thus, the solution is: population in 2015:

40,115,896