The world's population is expected to grow at a rate of 1.3% per year until at least the year 2020. In 1994 the total population of the world was about 5,642,000,000 people. Use in the formula P, = Poe* to predict the world's population P,, n years after 1994, with Poequal to the population in 1994 and i equal to the expected growth rate. What is the world's predicted population in the year 2020, rounded to the nearest million?

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A: It is an important part of statistics. It is widely used.