Solve the Problem. -In a Study by Psychologists Bornstein and Bornstein, It Was

question 15

Multiple Choice

Solve the problem.
-In a study by psychologists Bornstein and Bornstein, it was found that the average walking speed w, in feet per second, of a person living in a city of population P, in thousands, is given by the function w(P) = 0.37 ln P + 0.05.
Find the walking speed of people in a city with a population of 341,322.

• A) 4.76 ft/sec
• B) 9.71 ft/sec
• C) 471.45 ft/sec
• D) 12.79 ft/sec

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Definitions:

Government Surplus

The situation where a government's revenue exceeds its expenditures during a given timeframe, indicating a positive fiscal balance.

Federal Reserve

The central banking system of the United States, responsible for monetary policy, regulation of financial institutions, and stability of the financial system.

Excessive Investment

When the level of investment in an economy exceeds what is considered sustainable or optimal, potentially leading to economic imbalances.

Inflationary Recessions

Uncommon scenarios where an economy experiences both inflation—rising prices—and recession, which is a significant decline in economic activity, simultaneously.