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 Percentage of Tot al Spending
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 Percentage of Tot al Spending
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter3: Matrices
Section3.7: Applications
Problem 44EQ
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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.Find a linear function in slope-intercept form that models the description. Each function should model the percentage of total spending, p(x), by Americans x years after 1950.
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