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. 2 3 4 5 10 11 12 Year t 8| 9 7 (years since 2000) Spending ($ billion) 192| 194 194 204| 217 228 234 222 | 221| 232 243 Find the logarithmic regression model of the form S(t) = A In(t) + C with coefficients A and C rounded to two decimal places. S(t) = 2.888 ln(t) + 192 6.

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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.
2 3 4 5
10 11 12
Year t
8| 9
7
(years since 2000)
Spending ($ billion) 192| 194
194 204| 217 228 234 222 | 221| 232 243
Find the logarithmic regression model of the form S(t) = A In(t) + C with coefficients A and C rounded to two decimal places.
S(t) = 2.888 ln(t) + 192
6.
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. 2 3 4 5 10 11 12 Year t 8| 9 7 (years since 2000) Spending ($ billion) 192| 194 194 204| 217 228 234 222 | 221| 232 243 Find the logarithmic regression model of the form S(t) = A In(t) + C with coefficients A and C rounded to two decimal places. S(t) = 2.888 ln(t) + 192 6.
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