A large pharmaceutical company uses the function f(x)=1.556x−3065 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 2025.

Question

A large pharmaceutical company uses the function f(x)=1.556x−3065 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 2025.
Question content area bottom
Part 1
The company will spend ​$
  
enter your response here billion on research and development in 2025.
​(Round to three decimal​ places.)

GPT 3.5 · Answer

To predict the amount of money the company will spend in 2025, we need to substitute x = 2025 into the function f(x) = 1.556x - 3065.

f(2025) = 1.556(2025) - 3065

f(2025) = 3153.3

Thus, the company is predicted to spend $3153.3 billion on research and development in 2025.

A large pharmaceutical company uses the function f(x)=1.556x−3065 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 2025.

A large pharmaceutical company uses the function f(x)=1.556x−3065 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 2025.