In 2000, the Population of Sheboygan, WI Was About 113,000

question 9

Multiple Choice

In 2000, the population of Sheboygan, WI was about 113,000 and was growing at a rate of 0.85% per year. Use an exponential function to predict the population in 2023 to the nearest whole number.

• A)147,338
• B)1,577,713,700
• C)130,785
• D)137,285

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Definitions:

Heuristics

Mental shortcuts that allow people to solve problems and make judgements quickly and efficiently.

Availability Heuristic

Availability heuristic is a mental shortcut that relies on immediate examples that come to a person’s mind when evaluating a specific topic, concept, method, or decision.

Anchoring and Adjustment

A psychological heuristic where initial information serves as a reference point for subsequent judgments and decisions.

Satisficing

is a decision-making strategy that aims for a satisfactory or adequate result, rather than the optimal solution.