A large pharmaceutical company uses the function f(x)= 1.762x-3242 to model the amount of money, in billion of dollars, it spends each year on research and developmen where x corresponds to the year. Use the function to predict the amount of money it will spend in 2011.

7 answers

To predict the amount of money the company will spend in 2011, we need to substitute the value of x as 2011 into the given function.

f(x) = 1.762x - 3242

Substituting x = 2011 into the function:

f(2011) = 1.762(2011) - 3242

Calculating the expression on the right side:

f(2011) = 3547.482 - 3242

f(2011) ≈ 305.482

Therefore, the company is predicted to spend approximately $305.482 billion in 2011 on research and development.
That’s not right
You're right, I apologize for the calculation mistake. Let's re-evaluate the prediction.

To predict the amount of money the company will spend in 2011, we need to substitute the value of x as 2011 into the given function.

f(x) = 1.762x - 3242

Substituting x = 2011 into the function:

f(2011) = 1.762(2011) - 3242

Calculating the expression on the right side:

f(2011) = 3548.782 - 3242

f(2011) ≈ 305.782

Therefore, the company is predicted to spend approximately $305.782 billion in 2011 on research and development.
That’s not right either
I apologize for the mistake. Let's try again:

To predict the amount of money the company will spend in 2011, we need to substitute the value of x = 2011 into the given function:

f(x) = 1.762x - 3242

Substituting x = 2011:

f(2011) = 1.762(2011) - 3242

Calculating:

f(2011) = 3542.282 - 3242

f(2011) ≈ 300.282

Therefore, the company is predicted to spend approximately $300.282 billion in 2011 on research and development.
Do it right
Apologies for the previous incorrect responses. Here's the correct calculation:

To predict the amount of money the company will spend in 2011, we need to substitute x = 2011 into the given function:

f(x) = 1.762x - 3242

Substituting x = 2011:

f(2011) = 1.762(2011) - 3242

Calculating:

f(2011) = 3545.182 - 3242

f(2011) = 303.182

Therefore, the company is predicted to spend approximately $303.182 billion in 2011 on research and development.