The number of citizens aged 45-64 years is approximated by

Question

P(t) = 196/(1+3.01e^-0.0358t). (0 t  20)

where P(t) is measured in millions and t is measured in years, with t = 0 corresponding to the beginning of 1990. People belonging to this age group are the targets of insurance companies that want to sell them annuities. What is the expected population of citizens aged 45-64 years in 2001? (Round your answer to one decimal place.)

Answer 1

Substitute 11 for t and calculate.