To predict the amount of money the company will spend in 2023, we need to substitute x = 2023 into the function f(x).
f(2023) = 1.605(2023) - 3226
f(2023) = 3249.615 - 3226
f(2023) = 23.615
Therefore, the company is predicted to spend approximately $23.615 billion in 2023 on research and development.
A large pharmaceutical company uses the function f(x) = 1.605x - 3226 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 2023.
3 answers
A large pharmaceutical company uses the function f(x) = 1.477x - 2929 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 2023.
To predict the amount of money the company will spend in 2023, we need to substitute x = 2023 into the function f(x).
f(2023) = 1.477(2023) - 2929
f(2023) = 2989.271 - 2929
f(2023) = 60.271
Therefore, the company is predicted to spend approximately $60.271 billion in 2023 on research and development.
f(2023) = 1.477(2023) - 2929
f(2023) = 2989.271 - 2929
f(2023) = 60.271
Therefore, the company is predicted to spend approximately $60.271 billion in 2023 on research and development.