A large pharmaceutical company uses the function f(x)=1.892x−3554 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 2022.

Question

A large pharmaceutical company uses the function f(x)=1.892x−3554 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 2022.

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Part 1
The company will spend $

enter your response here billion on research and development in 2022.
(Round to three decimal places.)

Answer 1

To predict the amount of money the company will spend in 2022, we need to substitute x = 2022 into the function f(x)=1.892x−3554 and solve for f(2022).

f(2022) = 1.892(2022) - 3554
f(2022) = 3820.344 - 3554
f(2022) = 266.344

Therefore, the company will spend $266.344 billion on research and development in 2022.

A large pharmaceutical company uses the function f(x)=1.892x−3554 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 2022.

To predict the amount of money the company will spend in 2022, we need to substitute x = 2022 into the function f(x)=1.892x−3554 and solve for f(2022).

A large pharmaceutical company uses the function f(x)=1.892x−3554 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 2022.