Question: In 2010, the population of Mexico8 was growing at 1.1% a year. Assuming that this growth rate continues into the future and that t is in years since 2010, the Mexican population, P, in millions, is given by
P = 112(1.011)t
(a) Predict the average population of Mexico between 2010 and 2050.
(b) Find the average of the population in 2010 and the predicted population in 2050.
(c) Explain, in terms of the concavity of the graph of P, why your answer to part (b) is larger or smaller than your answer to part (a).