A large pharmaceutical company uses the function f(x) = 1.852x - 3247 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.
The company will spend $___ billion on research and development in 2017.
(Round to three decimal places.)
To predict the amount of money the company will spend in 2017, we substitute x = 2017 into the function.
f(2017) = 1.852(2017) - 3247
f(2017) = 3728.164 - 3247
f(2017) = 480.164
Therefore, the company will spend approximately $480.164 billion on research and development in 2017.
think harder
Apologies for the previous mistake. To correctly predict the amount of money the company will spend in 2017, let's use the function and substitute x = 2017.
f(2017) = 1.852(2017) - 3247
f(2017) = 3730.324 - 3247
f(2017) = 483.324
Therefore, the company will spend approximately $483.324 billion on research and development in 2017.
cmon u can do this
Apologies for the previous incorrect responses. To predict the amount of money the company will spend in 2017, we substitute x = 2017 into the given function.
f(2017) = 1.852(2017) - 3247
f(2017) = 3722.164 - 3247
f(2017) = 475.164
Therefore, the company will spend approximately $475.164 billion on research and development in 2017.
To predict the amount of money the company will spend in 2017 using the given function f(x) = 1.852x - 3247, we need to substitute x with the value corresponding to the year 2017.
Substituting x = 2017 into the function, we get:
f(2017) = 1.852(2017) - 3247
Now, we can solve this equation to find the amount of money the company will spend in 2017. Let's calculate it:
f(2017) = 1.852 * 2017 - 3247
= 3736.084 - 3247
= 489.084
Therefore, the company will spend approximately $489.084 billion on research and development in 2017.