Problem 12
Question
Park City Population (Historic) Park City, Utah was settled as a mining community in 1870 and experienced growth until the late \(1950 \mathrm{~s}\) when the price of silver dropped. In the past 40 years, Park City has experienced new growth as a thriving ski resort. The population data for selected years between 1900 and 2009 are given below. Park City, Utah \begin{tabular}{|c|c|} \hline Year & Population \\ \hline 1900 & 3759 \\ \hline 1930 & 4281 \\ \hline 1940 & 3739 \\ \hline 1950 & 2254 \\ \hline 1970 & 1193 \\ \hline 1980 & 2823 \\ \hline 1990 & 4468 \\ \hline 2000 & 7341 \\ \hline 2009 & 11983 \\ \hline \end{tabular} (Source: Riley Moffart, Popularion History of Western U.S. Citio \(d\) Towne, \(1850-1990\), Lanham: Scarecrow, 1996 , 309 ; and U.S. Bureat of the Census) a. What behavior of a scatter plot of the data indicates that a cubic model is appropriate? b. Align the input so that \(t=0\) in \(1900 .\) Find a cubic model for the data. c. Numerically estimate the derivative of the model in 2008 to the nearest hundred. d. Interpret the answer to part \(c\).
Step-by-Step Solution
VerifiedKey Concepts
Scatter Plot Analysis
Scatter plot analysis helps identify patterns within the data set. In particular, it reveals whether each data point follows a linear or non-linear pattern. In this scenario, a cubic model may be appropriate if the data points demonstrate a rise, followed by a decline, and then another rise. This behavior suggests a more complex relationship among the variables that cannot be captured by a simple linear model.
By plotting the data, you can visually determine whether a cubic polynomial regression is suitable for modeling population trends over time. The key is to observe the pattern the plot exhibits and match it to a possible mathematical model.
Numerical Derivative
For a cubic model represented by the equation \( P(t) = at^3 + bt^2 + ct + d \), its derivative is \( P'(t) = 3at^2 + 2bt + c \). This results in a quadratic equation, based on the coefficients from the polynomial.
To numerically estimate the derivative for a given year, plug in the corresponding \( t \) value. For instance, if you need the rate of change in 2008 and you've aligned the year 1900 as \( t = 0 \), then 2008 becomes \( t = 108 \). By substituting \( t = 108 \) into the derivative equation, you estimate the derivative, providing the rate of change in population for that year.
Population Trend Interpretation
The calculated derivative for a given year quantifies the speed of population change. If the result is positive, the population is increasing. Conversely, a negative derivative indicates a declining population. The magnitude of the derivative reflects how rapidly these changes are occurring.
Interpretation goes beyond numbers to provide insight. For example, a high positive derivative in 2008 suggests significant growth, potentially due to Park City's development as a ski resort. Such interpretations help in planning and forecasting future population dynamics.
Polynomial Regression
This method involves determining coefficients for the polynomial terms \( a \), \( b \), \( c \), and \( d \) in the model \( P(t) = at^3 + bt^2 + ct + d \). Various tools, such as graphing calculators or software like Excel, can assist with the regression analysis. These tools use numerical algorithms to identify the best-fit curve.
The result of polynomial regression is a mathematical model that approximates the historical population patterns, informing how past behaviors might project into future trends. It provides a more dynamic and accurate forecast compared to simple linear models.
Historical Data Analysis
This form of data analysis uses past data points to predict future scenarios. By understanding historical context, such as the impact of mining or the development of the ski industry, one can better interpret changes in population data.
Historical data analysis plays a vital role in constructing predictive models. It enhances understanding of factors influencing population changes over time, proving essential for making informed decisions in urban planning and development.