A large pharmaceutical company uses the function f(x) = 1.842x - 3022 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 2019.
The company will spend $___ billion on research and development in 2019.
(Round to three decimal places.)
To predict the amount of money the company will spend in 2019, we need to plug in x = 2019 into the function f(x) = 1.842x - 3022:
f(2019) = 1.842(2019) - 3022
= 3715.218 - 3022
= 693.218
Therefore, the company will spend $693.218 billion on research and development in 2019.
it was 696.998
Apologies for the previous error.
To predict the amount of money the company will spend in 2019, we need to plug in x = 2019 into the function f(x) = 1.842x - 3022:
f(2019) = 1.842(2019) - 3022
= 3717.798 - 3022
= 694.798
Therefore, the company will spend $694.798 billion on research and development in 2019.
To predict the amount of money the company will spend in 2019, we need to substitute the value of x as 2019 in the given function f(x) = 1.842x - 3022 and solve for f(2019).
f(x) = 1.842x - 3022
Substituting x = 2019:
f(2019) = 1.842(2019) - 3022
Now, we can simply calculate the value of f(2019) to get the predicted amount of money the company will spend in 2019.
f(2019) = 1.842(2019) - 3022
f(2019) = 3713.598 - 3022
f(2019) = 691.598
Therefore, the company will spend $691.598 billion on research and development in 2019. (Rounded to three decimal places.)