Question 1:
The exponential function to represent Bentonville's population, y, based on the number of years after 2000, x, after a period of exponential growth is:
y = 20,308 * (1 + 0.0507)^x
Question 2:
In the equation, the variables used are:
- y represents the population of Bentonville after a certain number of years.
- x represents the number of years after 2000.
- 20,308 is the initial population of Bentonville in the year 2000.
- 0.0507 is the population growth rate of Bentonville, expressed as a decimal.
- (1 + 0.0507)^x represents the factor by which the population is increasing over time.