A large pharmaceutical company uses the function f(x)=1.601x-3036 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 2019.
To predict the amount of money the pharmaceutical company will spend in 2019, we need to substitute x = 2019 into the function f(x) = 1.601x - 3036.
f(2019) = 1.601 * 2019 - 3036
= 3231.219 - 3036
= 195.219
Therefore, the company is predicted to spend $195.219 billion on research and development in 2019.
That is incorrect
Apologies for the mistake.
To predict the amount of money the pharmaceutical company will spend in 2019, we need to substitute x = 2019 into the function f(x) = 1.601x - 3036.
f(2019) = 1.601 * 2019 - 3036
= 3231.219 - 3036
= 195.219
Therefore, the company is predicted to spend $195.219 billion on research and development in 2019.
To predict the amount of money the company will spend in 2019, we can use the given function f(x) = 1.601x - 3036, where x corresponds to the year.
Step 1: Substitute x = 2019 into the function.
f(2019) = 1.601(2019) - 3036
Step 2: Simplify the expression.
f(2019) = 3227.619 - 3036
f(2019) = 191.619
Therefore, the company is predicted to spend approximately $191.619 billion on research and development in the year 2019.