Question

The state of Alaska saw a population increase of 3.3% since 2010. What is the growth factor over this time?

Thank you

Answer 1

To find the growth factor, we need to first convert the percentage increase to a decimal:

3.3% = 0.033

The growth factor is then calculated as:

1 + percentage increase as a decimal = 1 + 0.033 = 1.033

Therefore, the growth factor over this time is 1.033. This means that the population of Alaska increased by a factor of 1.033 since 2010.