Chapter 1: Problem 33
For the following exercises, use the population of New York City from 1790 to 1860 , given in the following table. $$ \begin{array}{|l|l|} \hline \text { Years since } 1790 & \text { Population } \\ \hline 0 & 33,131 \\ \hline 10 & 60,515 \\ \hline 20 & 96,373 \\ \hline 30 & 123,706 \\ \hline 40 & 202,300 \\ \hline 50 & 312,710 \\ \hline 60 & 515,547 \\ \hline 70 & 813,669 \\ \hline \end{array} $$ Using a computer program or a calculator, fit a growth curve to the data of the form \(p=a b^{t}\).
Short Answer
Step by step solution
Understand the Exponential Model
Set up the Data Points
Logarithmic Transformation
Calculate \( \log(p) \) for Each Data Point
Input Data for Linear Regression
Determine Linear Regression Parameters
Extract \( a \) and \( b \) from Regression Output
Verify the Model
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Key Concepts
These are the key concepts you need to understand to accurately answer the question.
Population Growth
This growth can be due to various factors such as increased birth rates, decreased death rates, or migration. Exponential growth models, like the one used for New York City's population, often serve as simplified representations of real-world population dynamics.
Observing historical population data allows us to predict future trends, which is crucial for resource planning, infrastructure development, and policy-making.
Linear Regression
After transforming the exponential data, such as population numbers over time, into a linear form through logarithmic transformation, linear regression can identify the slope and intercept of the best-fit line. These parameters are crucial in defining mathematical relationships, which we can use to make predictions.
- Slope (\(m\)): Represents the change in the log of the population per unit time.
- Intercept (\(c\)): The log of the initial population size when time is zero.
Logarithmic Transformation
When we take the logarithm on both sides, it becomes \( \log(p) = \log(a) + t \log(b) \), which is a linear equation of the form \( y = mx + c \) in terms of the log of the population \( \log(p) \) and time \( t \).
This transformation is essential because linear equations are easier to handle, interpret, and fit a line to through linear regression. Performing this transformation allows the exponential model's parameters \( a \) and \( b \) to be extracted from linear regression analysis, which then can be used for making accurate predictions.
Data Fitting
When applying the exponential growth model to historical data such as New York's population, the goal of data fitting is to find the parameters that make the model as close as possible to the observed data points. This involves transforming the data when necessary, using models and transformation techniques like logarithmic transformation, and then reevaluating the model's accuracy.
This process is crucial, as a well-fitted model allows analysts to extrapolate future values or understand past behaviors based on changing conditions. Thus, data fitting not only serves numerical entirety but also provides insights for crucial decision-making in planning and analysis.