Percentage of Total Spending in the United States on Food and Health Care 24% 22% 21% 18% 16% 16% 15% 13% 12% 10% 9% 7% 7% 6% 3% 3% Food Health Care Perentage of Total Spending

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter6: Systems Of Equations And Inequalities
Section6.6: Linear Programming
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The bar graph shows that as costs changed over the decades, Americans devoted less of their budget to groceries and more to health care. Find a linear function in slope-intercept form that models the given description. Each function should model the percentage of total spending, p(x), by Americans x years after 1950.

"In 1950, Americans spent 3% of their budget on health care. This has increased at an average rate of approximately 0.22% per year since then."

Percentage of Total Spending in the
United States on Food and Health Care
24%
22%
21%
18%
16%
16%
15%
13%
12%
10%
9%
7%
7%
6%
3%
3%
Food
Health Care
Perentage of Total Spending
Transcribed Image Text:Percentage of Total Spending in the United States on Food and Health Care 24% 22% 21% 18% 16% 16% 15% 13% 12% 10% 9% 7% 7% 6% 3% 3% Food Health Care Perentage of Total Spending
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