Final answer:
The correct statement is option a) The competition starts with 64 participants prior to the first round and eliminates 5% of the remaining participants each round.
Step-by-step explanation:
The function f(x) = 128(0.5)^x represents the number of participants remaining in the competition after x rounds. To determine which statement is true, we can compare the given function to the options provided.
The correct statement is option a) The competition starts with 64 participants prior to the first round and eliminates 5% of the remaining participants each round.