A study is done on the population of a certain fish species in a lake. Suppose that the population size [tex]P(t)[/tex] after [tex]t[/tex] years is given by the following exponential function.

[tex]\[ P(t) = 550(0.78)^t \][/tex]

1. Find the initial population size.
[tex]\[ \square \][/tex]

2. Does the function represent growth or decay?
- Growth
- Decay

3. By what percent does the population size change each year?
[tex]\[ \square \% \][/tex]



Answer :

Let's analyze the given problem step by step:

### Initial Population Size

The population size [tex]\( P(t) \)[/tex] is described by the function:

[tex]\[ P(t) = 550 \cdot (0.78)^t \][/tex]

To find the initial population size, we evaluate the function at [tex]\( t = 0 \)[/tex]:

[tex]\[ P(0) = 550 \cdot (0.78)^0 \][/tex]

Since any number raised to the power of zero is 1, we get:

[tex]\[ P(0) = 550 \cdot 1 = 550 \][/tex]

So, the initial population size is:

[tex]\[ \boxed{550.0} \][/tex]

### Growth or Decay

To determine if the function represents growth or decay, we examine the base of the exponential function, which is [tex]\( 0.78 \)[/tex].

- If the base is less than 1, it represents decay.
- If the base is greater than 1, it represents growth.

Here, the base [tex]\( 0.78 \)[/tex] is less than 1, which means the function represents decay. Therefore, we select:

[tex]\[ \boxed{\text{decay}} \][/tex]

### Percent Change Each Year

To find the percent change in the population size each year, we first calculate the population after 1 year:

[tex]\[ P(1) = 550 \cdot (0.78)^1 = 550 \cdot 0.78 \][/tex]

Next, we compute the percent change each year. The percent change is determined by the difference between the initial population and the population after 1 year relative to the initial population:

[tex]\[ \text{Percent change per year} = \left(\frac{\text{Initial population} - \text{Population after 1 year}}{\text{Initial population}}\right) \times 100 \][/tex]

Using the values we have:

[tex]\[ \text{Initial population} = 550 \][/tex]
[tex]\[ \text{Population after 1 year} = 550 \cdot 0.78 = 429 \][/tex]

The percent change is:

[tex]\[ \text{Percent change per year} = \left(\frac{550 - 429}{550}\right) \times 100 = \left(\frac{121}{550}\right) \times 100 \approx 22\% \][/tex]

So, the population size changes by:

[tex]\[ \boxed{22.0\%} \][/tex]

This completes our step-by-step solution. The initial population size is 550, the function represents decay, and the population size decreases by 22.0% each year.

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