A large pharmaceutical company uses the function f(x)=1.642x-3094 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.

Question

A large pharmaceutical company uses the function f(x)=1.642x-3094 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.

GPT 3.5 · Answer

To predict the amount of money the pharmaceutical company will spend in 2023, we need to substitute x=2023 into the function f(x)=1.642x-3094.

So, we have:

f(2023) = 1.642(2023) - 3094

Calculating this, we get:

f(2023) = 3323.566 - 3094

f(2023) ≈ 229.566

Therefore, the pharmaceutical company is predicted to spend approximately 229.566 billion dollars on research and development in 2023.

A large pharmaceutical company uses the function f(x)=1.642x-3094 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.

A large pharmaceutical company uses the function f(x)=1.642x-3094 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.