Posted by Nikki on Monday, January 18, 2010 at 9:16pm.
According to the U.S Bureau of Census in the year 1850 the population of the US was 23,191,876 in 1900 the population was 62,947,714
A. Assuming that the population grew exponentially during the period compute
the growth constant k.
B. Assuming continued growth at the same rate predict the 1950 population

Math  Damon, Monday, January 18, 2010 at 10:08pm
p =pi e^kt
let t = 0 at 1850
so pi = 23,191,876
p = 23,191,876 e^kt
in 1900 t = 19001850 = 50
so
62,947,714 = 23,191,876 e^50k
1.275 = e^50k
take ln of both sides
50 k = .2429
k = .00486
P at t is 100 years = 23,191,876 e^(.486)
= 23,191,876 (1.6258)
=37,705,351
I approximated all the natural logs so you should do the arithmetic more accurately although obviously the census and law are not that accurate anyway.

Math correction  Damon, Monday, January 18, 2010 at 10:17pm
p =pi e^kt
let t = 0 at 1850
so pi = 23,191,876
p = 23,191,876 e^kt
in 1900 t = 19001850 = 50
so
62,947,714 = 23,191,876 e^50k
2.714 = e^50k
take ln of both sides
50 k = .9984
k = .01997
P at t is 100 years = 23,191,876 e^(1.997)
= 23,191,876 (7.367)
=170,852,745
I approximated all the natural logs so you should do the arithmetic more accurately although obviously the census and law are not that accurate anyway.

Math  Nikki, Monday, January 18, 2010 at 10:51pm
THank you so much
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