A large pharmaceutical company uses the function f left parenthesis x right parenthesis equals 1.868 x minus 3503
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 2010
.
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Part 1
The company will spend $enter your response here
billion on research and development in 2010
.
(Round to three decimal places.)
To predict the amount of money the company will spend in 2010, we need to substitute x = 2010 into the function f(x) = 1.868x - 3503:
f(2010) = 1.868(2010) - 3503
= 3754.68 - 3503
= 251.68
The company is predicted to spend $251.68 billion on research and development in 2010.