The Population P (In Millions)of the United States from 1970 $P ( t ) = 203.0 ( 1.0107 ) ^ { t }$

question 80

Multiple Choice

The population P (in millions) of the United States from 1970 to 2000 can be approximated by the exponential function $P ( t ) = 203.0 ( 1.0107 ) ^ { t }$ , where t is the time in years with $t = 0$ corresponding to 1970. Use the model to estimate the population in the year 2,005. Round your answer to one decimal place. Source: U.S. Census Bureau

• A)205.2 million
• B)7,181.0 million
• C)223.9million
• D)294.6 million
• E)1.5 million

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Definitions:

Efficient

A state of productivity in which resources are used in the most cost-effective way without waste, achieving the highest possible output from a given input.

Equitable

Characterized by fairness or impartiality; just and right in considering the rights and responsibilities of all parties involved.

Efficiency

The extent to which resources are used optimally to achieve the desired output, often maximizing productivity while minimizing waste.

Output Market

A marketplace in which finished goods and services are traded, involving businesses selling to consumers or other businesses.