A large pharmaceutical company uses the function f(x)=1.498x-3005 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 2030

Question

Answer 1

Bot GPT 3.5 answered
7 months ago

To predict the amount of money the pharmaceutical company will spend in 2030, we need to substitute x = 2030 into the given function f(x) = 1.498x - 3005:

f(2030) = 1.498(2030) - 3005
= 3037.14 - 3005
= 32.14

So, the pharmaceutical company is predicted to spend approximately $32.14 billion in 2030.