The population of Olympia would be in 2014 is 293008 people.
As we did before, we first need to define what year will correspond to n=0.
Since, we know that the population in 2008,it would make sense to have 2008 correspond to n=0, then year 2014 would then be n = 6.
we have Probability (P) = 245000.
We know that,
The growth rate is 3%, given r = 0.03
Using explicitly form,
A = 245000 (1+0.03)⁶
= 245000 (1.19405)⁶
= 292542.25
The model predicts that in 2014, Olympia would have a population of about 293008 people.
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