2. POPULATION GROWTH The populations P (in thousands) of Orlando, Florida from 2000 through 2007 can be modeled by P = 1656.2ekt where t represents the year, with t =0 corresponding to 2000. In 2005, the population of Orlando was about 1,940,000. (Source: U.S. Census Bureau) (a) Find the value of k. Is the population increasing or decreasing? Explain. (b) Use the model to find the populations of Orlando in 2010 and 2015. Are the results reasonable? Explain. (c) According to the model, during what year will the population reach 2.2 million?

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.