In: Statistics and Probability
Assuming that the world population continue to grow at its current rate, how many years would it take for the world population to grow.
Hint: rate of natural increase: 0.012 is the value of "r" that you will use in the calculations below.
Remember, net migration is 0 at the global level, so the rate of natural increase (RNI) is the growth rate(r) for the world population.
Second, what is the size of the world population in 2018, according to the world population datasheet?
P2018 = 7,621,000,000
Now, Use the Exponential Grown Rate formula and solve for n.
A.) How long would it take to grow by 50%
B.) How long would it take to Quadruple?
C.) How long would it take to add the next 1 billion?
If we are given exponential growth rate, The population after a time n can be given by
P = Po ern
Where P0 is the initial population
r is exponential growth rate
n is time
we know that value of e = 2.71828
and log e = 0.434294
We can calculate the log values in the excel by the formula =log (number, base)
base will be 10 here
Question (a)
given growth rate = 0.0012
P should be 1.5 times of P0 if P0 has to grow by 50%
1.5P0 = P0 e0.012n
1.5 = e0.012n
Applying logarithms on both sides we get
log (1.5) = 0.012*n*(log e)
0.176091 = 0.012 * n * 0.434294
So n = 0.176091 / (0.012 * 0.434294)
= 0.176091 / 0.005212
= 33.78878
So it would take approximately 33.79 years for the population to increase by 50%
Question (b)
For Population to Quadraple
P should be 4P0
4P0 = P0 e0.012n
4 = e0.012n
Applying logarithms on both sides we get
log 4 = 0.012 * n * log e
0.60206 = 0.012 * n * 0.434294
n = 0.60206 / 0.012 * 0.434294
= 115.524
So approximately after 115.52 years the population will quadraple
Question (c)
Time taken to add 1 billion people
Here P will be 1 billion + P0
So P will be 1,000,000,000 + 7,621,000,000 = 8,621,000,000
So
8,621,000,000 = 7,621,000,000 e0.012n
8,621,000,000 / 7,621,000,000 = e0.012n
1.3121 = e0.012n
Applying logarithms on both sides we get
log 1.3121 = 0.012 * n * log e
0.05354 = 0.012 * n * 0.434294
n = 0.05354 / 0.012 * 0.434294
= 10.27446
So approximately after 10.28 years 1 billion more population will be added