The following table shows the total spent on research and development by industry in a country, in billions of dollars che period 2002–2012. Year t 2 4 6. 7 8 9. 10 11 12 (years since 2000) Spending ($ billion) 193 196 196 206 218 229 236 223 222 233 244 3.

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
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Chapter5: A Survey Of Other Common Functions
Section5.6: Higher-degree Polynomials And Rational Functions
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The following table shows the total spent on research and development by industry in a country, in billions of dollars, for
the period 2002-2012.
Year t
2
7
8
11
12
(years since 2000)
Spending ($ billion)
193
196
196
206
218
229
236
223
222
233
244
= A In(t) + C with coefficients A and C rounded to two decimal
Find the logarithmic regression model of the form S(t)
places.
S(t)
Transcribed Image Text:The following table shows the total spent on research and development by industry in a country, in billions of dollars, for the period 2002-2012. Year t 2 7 8 11 12 (years since 2000) Spending ($ billion) 193 196 196 206 218 229 236 223 222 233 244 = A In(t) + C with coefficients A and C rounded to two decimal Find the logarithmic regression model of the form S(t) places. S(t)
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