Math 1 Quiz
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MODELING & APPLICATIONS
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A demographer models population growth for a small town using P(t) = 5000(1.02)t(1.02)^t, where P is population and t is years since 2020. The model assumes constant 2% annual growth based on recent economic development.
After 5 years, the model predicts 5,520 residents, but the actual population is 4,200. Investigation reveals that housing availability has become limited. Which fundamental assumption needs revision for future predictions?
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