Question

A large pharmaceutical company uses the function f left parenthesis x right parenthesis equals 1.772 x minus 2909

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 2014
.
Question content area bottom
Part 1
The company will spend ​$enter your response here

billion on research and development in 2014
.
​(Round to three decimal​ places.)

Answer 1

no

Answer 2

To predict the amount of money the company will spend in 2014, we need to substitute x = 2014 into the function f(x) = 1.772x - 2909:

f(2014) = 1.772(2014) - 2909
= 3559.928 - 2909
= 650.928

Therefore, the company is predicted to spend $650.928 billion on research and development in 2014. (Rounded to three decimal places)

Answer 3

I apologize for the error. Let me recalculate it correctly.

f(x) = 1.772x - 2909

Substituting x = 2014:

f(2014) = 1.772(2014) - 2909
= 3561.708 - 2909
= 652.708

Therefore, the company is predicted to spend $652.708 billion on research and development in 2014. (Rounded to three decimal places)