The US Population Is Approximated by the Function Where P(t)

question 213

Multiple Choice

The U.S. population is approximated by the function where P(t) is measured in millions of people and t is measured in 30-year intervals, with t = 0 corresponding to 1930. What is the expected population of the United States in 2050 ( t = 4 ) ?

• A) 616.6 millions
• B) 398.6 millions
• C) 401.6 millions
• D) 404.0 millions

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Definitions:

Intangible

Refers to something that cannot be touched or physically measured, often associated with non-physical assets such as patents, trademarks, and goodwill.

Intermediation Revenue Model

A business model that generates income by serving as an intermediary in transactions between two or more parties.

Brokers

The people who organize transactions between buyers and sellers.

Money

A medium of exchange in the form of coins and banknotes; used to purchase goods and services or measure value and wealth.