Step 1: Power supplied to the conveyor belt equals force multiplied by velocity.
\[
P = F \cdot v
\]
Step 2: Given \( \frac{dm}{dt} \propto \sqrt{v} \), the mass flow rate is proportional to the square root of velocity. Consequently, the rate of change of momentum is also proportional to the square root of velocity.
This leads to:
\[
F = \frac{dp}{dt} = \frac{dm}{dt} \cdot v
\]
Since \( \frac{dm}{dt} \propto \sqrt{v} \), it follows that:
\[
F \propto v^{3/2}
\]
Step 3: Consequently, the power supplied is:
\[
P \propto F \cdot v \propto v^{3/2} \cdot v = v^{5/2}
\]
Therefore, the correct relationship is \( P \propto v^5 \), and option (4) is the correct answer.