To find the amount of money the company will spend in 2017, we substitute x = 2017 into the function f(x):
f(2017) = 1.889(2017) - 3143
= 3802.513 - 3143
= 659.513
The company is predicted to spend approximately $659.513 billion on research and development in 2017.
A large pharmaceutical company uses the function f(x) = 1.889x-3143 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 2017.
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