Estimation question

Estimate the number of students and interns in and around New York.

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What this question tests

Structured local estimation combining population, age demographics and enrollment assumptions for a metro area.

How to approach it

  1. Clarify scope: New York City proper versus the broader metro area, and confirm the time period, like current academic year.
  2. Estimate the relevant population, New York City's roughly 8.5 million residents plus commuting students from nearby areas.
  3. Estimate the student age population, typically college age 18 to 24, as a percentage of that total, say 8 to 10 percent.
  4. Add an estimate for interns specifically, a smaller subset drawn from both local students and those relocating temporarily for internships.
  5. Sum the estimates and sanity check against the known large number of universities and companies concentrated in the city.

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