Answer:
Given the information you provided, we can model cellular phone usage over time with an exponential growth model. An exponential growth model follows the equation:
`y = a * b^(x - h) + k`
where:
- `y` is the quantity you're interested in (cell phone usage),
- `a` is the initial quantity (34 million in 1995),
- `b` is the growth factor (1.22, representing 22% growth per year),
- `x` is the time (the year),
- `h` is the time at which the initial quantity `a` is given (1995), and
- `k` is the vertical shift of the graph (0 in this case, as we're assuming growth starts from the initial quantity).
So, our specific model becomes:
`y = 34 * 1.22^(x - 1995)`
To find the cellular usage in 2003, we plug 2003 in for x:
`y = 34 * 1.22^(2003 - 1995)`
Calculating this out will give us the cellular usage in 2003.
Let's calculate this:
`y = 34 * 1.22^(2003 - 1995)`
So,
`y = 34 * 1.22^8`
Calculating the above expression gives us:
`y ≈ 97.97` million.
So, the cellular phone usage in 2003, according to this model, is approximately 98 million.