Answer:
1. a) 1.0126
b) [tex]P(x) = 6.08(1.0126)^{x}[/tex]
c) 6.891 billion.
Step-by-step explanation:
1. a) The world's population is approximately 6.08 billion in the year 2000. And it increases at a rate of about 1.26%.
Therefore, the growth factor is [tex](1 + \frac{1.26}{100}) = 1.0126[/tex] (Answer)
b) Now, the model equation for the population of the world since 2000 in billions will be
[tex]P(x) = 6.08(1.0126)^{x}[/tex]
Where x is the number of years since 2000. (Answer)
c) In the year 2010, x = (2010 - 2000) = 10 years, then
[tex]P(10) = 6.08(1.0126)^{10} = 6.891[/tex] billion. (Answer)