A large pharmaceutical company uses the function f left parenthesis x right parenthesis equals 1.772 x minus 2909
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 2014
.
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Part 1
The company will spend $enter your response here
billion on research and development in 2014
.
(Round to three decimal places.)
To predict the amount of money the company will spend in 2014, we need to substitute x = 2014 into the function f(x) = 1.772x - 2909:
f(2014) = 1.772(2014) - 2909
= 3559.928 - 2909
= 650.928
Therefore, the company is predicted to spend $650.928 billion on research and development in 2014. (Rounded to three decimal places)
no
I apologize for the error. Let me recalculate it correctly.
f(x) = 1.772x - 2909
Substituting x = 2014:
f(2014) = 1.772(2014) - 2909
= 3561.708 - 2909
= 652.708
Therefore, the company is predicted to spend $652.708 billion on research and development in 2014. (Rounded to three decimal places)