Suppose That the Population (In Millions) of a Egypt in 2007

question 2

Multiple Choice

Suppose that the population (in millions) of a Egypt in 2007 is 80.3 and that expected continuous annual rate of change of the population is $0.017$ . The exponential growth model for the population by letting $t = 0$ corresponds to 2000 is $P = 71.2910 e ^ { 0.017 t }$ . Use the model to predict the population of the country in 2013 . Round your answer to two decimal places.

• A) \(83.08\) million
• B) \(87.42\) million
• C) \(90.45\) million
• D) \(88.92\) million
• E) \(81.68\) million

---

Definitions:

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels of the organization, allowing for more accurate budgeting and performance evaluation.

Volatile Demand

Demand for a product or service that experiences frequent, unpredictable changes often leading to challenges in inventory management and production planning.

Stable Demand

Describes a market condition where the demand for a particular product or service remains consistent over time.

Static Budget

A budget that does not change or adapt with variations in sales volume or business activity levels, typically set for a specific period.