Solve the Problem $P ( t ) = 8 ( 1.0134 ) ^ { t }$

question 299

Multiple Choice

Solve the problem.
-The function $P ( t ) = 8 ( 1.0134 ) ^ { t }$ represents the population (in millions) of a country $t$ years after January 1, 2000. Write an equivalent function using base $e$ ; that is, write a function of the $P ( t ) = P _ { 0 } e ^ { r t }$ . Round $r$ to 5 decimal places. Also, determine the population for the year 2000 .

• A) \(P ( t ) = 8 e ^ { 0.01331 t }\); population in 2000: 8 million
• B) \(P ( t ) = 8 e ^ { 0.01331 t }\); population in \(2000 : 8.1\) million
• C) \(P ( t ) = 2.1 e ^ { 0.10649 t }\); population in 2000: \(2.3\) million
• D) \(P ( t ) = 2.1 e ^ { 0.10649 t }\); population in \(2000 : 2.1\) million

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Definitions:

Managerial Bias

The tendency of managers to make decisions based on subjective preferences and beliefs rather than objective evidence.

HRM Task

Activities or responsibilities carried out by the Human Resources Management department, such as hiring, training, and employee relations.

Employee Recruitment

The process of attracting, selecting, and hiring suitable candidates for jobs within an organization.

Employee Selection

The process of interviewing and evaluating candidates for a specific job and selecting an individual for employment based on certain criteria.