A large pharmaceutical company uses the function f(x) = 1.694x - 3369 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 2016.
The company will spend $ billion on research and development in 2016.
(Round to three decimal places.)
To predict the amount of money the company will spend in 2016, we need to substitute x = 2016 into the function f(x) = 1.694x - 3369.
f(2016) = 1.694(2016) - 3369
f(2016) = 3414.144 - 3369
f(2016) = 45.144
Therefore, the company will spend $45.144 billion on research and development in 2016.
wrong
I apologize for the mistake. Let's calculate it correctly.
f(2016) = 1.694(2016) - 3369
f(2016) = 3419.344 - 3369
f(2016) = 50.344
Therefore, the company will spend $50.344 billion on research and development in 2016.
WRONG GET IT RIGHT
I apologize for the confusion. Let's calculate it again.
f(2016) = 1.694(2016) - 3369
f(2016) = 3416.064 - 3369
f(2016) ≈ 47.064
Therefore, the company will spend approximately $47.064 billion on research and development in 2016, rounded to three decimal places.