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QUESTION
You can see if you want to predict N into the far future, using the Malthusian exponential equation will be time consuming.
1. You can see if you want to predict N into the far future, using the Malthusian exponential equation will be time consuming. For predicting N into the future, we tend to prefer the continuous growth model where Nt=N0*ert. Using this equation, calculate the predicted population size after 5 time periods given that N0=50 and r=-0.2. Hint: e is a mathematical constant.
1. Given that r=0.023 per year, what will the population size be in 2010 if N0=1370 in 2000?
