1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
valkas [14]
3 years ago
8

If the world's population increased exponentially from 5.937 billion in 1998 to 6.771 billion in 2008 and continued to increase

at the same percentage rate between 2008 and 2012, calculate what the world's population would have been in 2012. how does this compare to the population reference bureau estimate of 7.07 billion in july 2012?
Business
1 answer:
Vaselesa [24]3 years ago
6 0

Answer:

The world's population would have been 7.1137 billion in 2012, and this is 0.0437 billion (i.e. 7.1137 - 7.07 = 0.0437) higher compared to the population reference bureau estimate of 7.07 billion in July 2012.

Explanation:

This can be computed using the following exponential formula:

P(t) = P(0)a^t ............................ (1)

Where;

P(t) = World population in year t.

P(0) = World population in year 0 which is 1998 = 5.937 billion

a = base = ?

t = number of years

Substituting the value into equation (1), we have:

P(t) = 5.937 * a^t .......................................... (2)

Since we have 10 years from 1998 to 2008 (i.e. 2008 - 1998 = 10), we have:

P(t) = P(10) = World population in 2008 = 6.771 billion

t = 10

Substituting the value into equation (2) and solve for a, we have:

6.771 = 5.937 * a^10

a^10 = 6.771 / 5.937

a^10 = 1.1405

a = \sqrt[10]{1.405}

a = 1.013

Since we have 14 years from 1998 to 2012 (i.e. 2012 - 1998 = 14), we now have:

P(t) = P(14) = World population in 2012 = ?

P(0) = World population in year 0 which is 1998 = 5.937 billion

a = 1.013 as already calculated above

t = 14

Substituting the value into equation (1), we have:

P(14) = 5.937 * 1.013^14

P(14) = 5.937 * 1.192

P(14) = 7.1137 billion

Therefore, the world's population would have been 7.1137 billion in 2012, and this is 0.0437 billion (i.e. 7.1137 - 7.07 = 0.0437) higher compared to the population reference bureau estimate of 7.07 billion in july 2012.

You might be interested in
At the beginning of the month, the Forming Department of Martin Manufacturing had 17,000 units in inventory, 30% complete as to
goldenfox [79]

Answer:

A) 82,275 materials; 79,400 conversion

Explanation:

<u>Calculation of the Equivalent Units of Production with respect to Raw Materials and Conversion Costs</u>

1. Raw Materials

Ending Work In Process (11,500 × 85%)                                =   9,775

Completed and Transferred (72,500 × 100%)                      = 72,500

Equivalent Units of Production with respect to Materials   = 82,275

2. Conversion Costs

Ending Work In Process (11,500 × 60%)                                =   6,900

Completed and Transferred (72,500 × 100%)                      = 72,500

Equivalent Units of Production with respect to Materials   = 79,400

4 0
2 years ago
-2x^2y, if x=-3 and y=-1
REY [17]
It would be 6 because -2x-3= 6 and the exponent comes out to one so 6 times nothing is 6. :)
3 0
2 years ago
True or False: If Hubert's Fire Engines were a competitive firm instead and $100,000 were the market price for an engine, decrea
KatRina [158]

Answer:

False

Explanation:

In a perfectly competitive market the sales revenue is based on pricing also. As the pricing policy also plays an important role in the marketing technique to attract customers.

As the quality served is generally the same in the market, there is no issue in that but when the price is reduced expected sales will increase and accordingly the expected revenue also increases.

As the sales is expected to increase the revenue will also increase accordingly, even though the price is reduced, due to increase in sales quantity the expected change shall not be same as that of the change in price.

Thus, the statement is False.

5 0
3 years ago
Explain the requirements for putting together an Affirmative Action Plan (AAP). Include a discussion on mandatory and non-mandat
Sedbober [7]
Once a company reaches 50 or more employees, and meets any of the below criteria, it has 120 days to create an Affirmative Action Plan. Every year the company remains larger than 50 employees and meets the federal contracts guidelines listed below, it is required to update the plan to track changes in employee population and employee transactions.

In some instances, companies are required to implement an Affirmative Action Plan without a direct government contract. If government contractors purchase at least $50,000 worth of goods to fulfill their obligations on a government contract, then the goods’ seller is also subject to the OFFCP’s laws.

A prime example is a hardware company which sells screws to a company that builds Navy submarines. Although there’s no direct contract with the government for the hardware company, accepting the order as part of a government contract makes it a bill of lading, and if it exceeds $50,000 total revenue on those deals, then both sides must comply with Affirmative Action law.

3 0
3 years ago
Supporters of socially responsible businesses claim that by becoming socially responsible, businesses can expect ________. more
Cerrena [4.2K]
The answer is less government regulation.

The other three are all restricting the businesses, even thought this statement was made by supporters of socially responsible businesses and the result should be positive.

I hope this helps!
6 0
3 years ago
Read 2 more answers
Other questions:
  • In Shoetown, a rancher takes $0 worth of inputs and produces animal skins, which he sells to the tanner for
    10·1 answer
  • Jasmine and her husband, Arty, have been married for 25 years. In May of this year, the couple divorced. During the year, Jasmin
    8·1 answer
  • Chips Corp., has contacted Cierra with an offer to sell to Cierra 10,000 of the chips for $22.00 per chip. If Cierra accepts the
    13·1 answer
  • A student who works at a record store and plays in a rock band thinks for a minute about his own music-purchasing habits, and th
    6·1 answer
  • Yankton Company began the year without an investment portfolio. During the year, it purchased investments classified as trading
    5·1 answer
  • Kathryn is shopping and needs to choose a combination of pants and shirts to buy. She has a total of $24 to spend. Each pair of
    7·1 answer
  • The Rasputin Brewery is considering using a public warehouse loan as part of its​ short-term financing. The firm will require a
    9·1 answer
  • Which of the following best defines health insurance? (1 point)
    7·1 answer
  • The factors cited by the textile industry’s decision to locate manufacturing facilities in countries other than the United State
    12·2 answers
  • When a multinational corporation opens a new factory in another country, what economic responsibilities must it follow? Are ther
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!