A large pharmaceutical company uses the function f(x)=1.892x−3554 to model the amount of money, in billions of dollars, it spends each year on research and development, where x corresponds to the year. Use the function to predict the amount of money it will spend in 2022.

Question

A large pharmaceutical company uses the function f(x)=1.892x−3554 to model the amount of​ money, in billions of​ dollars, it spends each year on research and​ development, where x corresponds to the year.  Use the function to predict the amount of money it will spend in 2022.
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Part 1
The company will spend ​$
  
enter your response here billion on research and development in 2022.
​(Round to three decimal​ places.)

GPT 3.5 · Answer

To predict the amount of money the company will spend in 2022, we need to substitute x = 2022 into the function f(x)=1.892x−3554 and solve for f(2022).

f(2022) = 1.892(2022) - 3554
f(2022) = 3820.344 - 3554
f(2022) = 266.344

Therefore, the company will spend $266.344 billion on research and development in 2022.

A large pharmaceutical company uses the function f(x)=1.892x−3554 to model the amount of​ money, in billions of​ dollars, it spends each year on research and​ development, where x corresponds to the year. Use the function to predict the amount of money it will spend in 2022.

A large pharmaceutical company uses the function f(x)=1.892x−3554 to model the amount of money, in billions of dollars, it spends each year on research and development, where x corresponds to the year. Use the function to predict the amount of money it will spend in 2022.