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.

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Part 1
The company will spend $

enter your response here billion on research and development in 2025.
(Round to three decimal places.)

Answer 1

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.

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.

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.