The Population of a Region for 2000 Is 282 $y = C e ^ { k t }$

question 151

Multiple Choice

The population of a region for 2000 is 282.2 (in millions) . The predicted population (in millions) for the region in the year 2020 is 355.5. Calculate the constants C (to one decimal place) and k (to four decimal places) to obtain the experimental growth model $y = C e ^ { k t }$ for the population. (Let $t = 0$ correspond to the year 2000.) What does the model predict the population will be in 2030? Round your answer to one decimal place.

• A)399.0 million
• B)282.2 million
• C)103.8 million
• D)392.2 million

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Definitions:

Exclusive Right

A legal entitlement granting someone the sole authority to engage in a certain activity or use a specific property.

Profit

The financial gain obtained when the total revenues generated from selling goods or services exceed the total costs and expenses to produce them.

Exclusive Right

Exclusive Right is a legal entitlement that grants the holder the sole privilege to perform, use, or sell a particular service, product, or piece of intellectual property.

Marginal Revenue

The additional revenue that a company receives from selling one more unit of a product or service.