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Question
alex is studying the population of deer in a national park. he found that over the last 10 years, the population had increased by 18%, with a margin of error of ±2.5%. if the initial population of deer was 1,200, estimate the total population range after 10 years, considering the margin of error.
Step1: Calculate the lower - bound percentage
The lower - bound of the percentage increase is $18\% - 2.5\%=15.5\% = 0.155$.
Step2: Calculate the lower - bound population
The formula for population increase is $P = P_0(1 + r)$, where $P_0$ is the initial population and $r$ is the rate of increase. So the lower - bound population $P_{lower}=1200\times(1 + 0.155)=1200\times1.155 = 1386$.
Step3: Calculate the upper - bound percentage
The upper - bound of the percentage increase is $18\%+2.5\% = 20.5\%=0.205$.
Step4: Calculate the upper - bound population
Using the population increase formula, the upper - bound population $P_{upper}=1200\times(1 + 0.205)=1200\times1.205 = 1446$.
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The population range is from 1386 to 1446 deer.