With U.S. Department of Health and Human Services data from 2002 and projected to 2024, the total public expenditures for health care H can be modeled by H = 1,500e0.053t where t is the number of years past 2000 and H is in billions of dollars. If this model is accurate, at what rate (in billions of dollars per year) will health care expenditures change in 2023? (Round your answer to one decimal place.) 24 billion/year
With U.S. Department of Health and Human Services data from 2002 and projected to 2024, the total public expenditures for health care H can be modeled by H = 1,500e0.053t where t is the number of years past 2000 and H is in billions of dollars. If this model is accurate, at what rate (in billions of dollars per year) will health care expenditures change in 2023? (Round your answer to one decimal place.) 24 billion/year
Chapter6: Exponential And Logarithmic Functions
Section6.7: Exponential And Logarithmic Models
Problem 16TI: Recent data suggests that, as of 2013, the rate of growth predicted by Moore’s Law no longer holds....
Related questions
Question
10.2
Transcribed Image Text:With U.S. Department of Health and Human Services data from 2002 and projected to 2024, the total public expenditures
for health care H can be modeled by
H = 1,500e0.053t
where t is the number of years past 2000 and H is in billions of dollars. If this model is accurate, at what rate (in billions of
dollars per year) will health care expenditures change in 2023? (Round your answer to one decimal place.)
$
billion/year
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 2 images
Recommended textbooks for you
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning