QuestionThe town's population decreases by $8\%$ yearly. Find $(P \circ P)(x)$ and explain its meaning. Answer in exact form.

Studdy Solution
Now, let's interpret the result. The function $( \circ)(x)$ represents the population two years later, after the population has decreased by% each year. The factor of0.8464 is the result of applying the decrease of% twice, which is equivalent to a total decrease of approximately15.36%.