SOLUTION: Population of Mexico X-values| Y-values (in million) 1950| 25.8 1960| 34.9 1970| 48.2 1980| 66.8 1990|

Question 481983: Population of Mexico
X-values| Y-values (in million)
1950| 25.8
1960| 34.9
1970| 48.2
1980| 66.8
1990| 81.1
Regression equation: 6.033 x 1.03^x
A) Use the exponential equation to estimate the population of mexico in 1900, if x=0 for 1900, x=1 for 1901 and so forth?
B) Use the exponential regression equation to estimate the annual rate of growth of the population of Mexico?

Sorry about the table, it won't let me do it in any other way. Those are supposed to be lines after the zeros. :/
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Population of Mexico
X-values| Y-values (in million)
1950| 25.8
1960| 34.9
1970| 48.2
1980| 66.8
1990| 81.1
Regression equation: P(x) = 6.033 x 1.03^x
A) Use the exponential equation to estimate the population of mexico in 1900, if x=0 for 1900, x=1 for 1901 and so forth?
----
P(0) = 6.033*1 = 6.033
====================================
B) Use the exponential regression equation to estimate the annual rate of growth of the population of Mexico?
----
The equation indicates the annual rate is 0.03 or 3%
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Cheers,
Stan H.

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