Question

There are 57,116 people under the age of 14 years oldThere are 221,290 people age between 15 and 64 years oldThere are 43,503 people over the age of 65 years oldWhat is the Child Dependency Ratio as a decimal rounded to the Thousandths place?How would you find the Age dependency

Answer 1

Given,

57,116 people under the age of 14 years old

221,290 people age between 15 and 64 years old

43,503 people over the age of 65 years old

We can calculate the child depency ratio as,

people under the age of 14 years old / people age between 15 and 64 years old

Therefore,

$=\frac{57116}{221290}\approx0.25810$

rounded to the Thousandths place, 0.258

The total age dependency ratio can be calculated as,

( people under the age of 14 years old + people over the age of 65 years old ) / people age between 15 and 64 years old

Therefore,

$=\frac{57116+43503}{221290}\approx\:0.45469$

rounding, 0.455