Year $ (billions) Year $ (billions) 2000 1264 2010 2458 2002 1498 2012 2746 2004 1733 2014 3107 2006 1976 2016 3556 2008 2227 2018 4086

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter5: Exponential And Logarithmic Functions
Section5.2: Applications Of Exponential Functions
Problem 3SC
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Health Services Expenditures The following table
gives total U.S. expenditures (in billions of dollars)
for health services and supplies for selected years
from 2000 and projected to 2018.

a. Find an exponential function to model these data,
with x equal to the number of years after 2000.
b. Use the model to estimate the U.S. expenditures
for health services and supplies in 2020.

Year
$ (billions)
Year
$ (billions)
2000
1264
2010
2458
2002
1498
2012
2746
2004
1733
2014
3107
2006
1976
2016
3556
2008
2227
2018
4086
Transcribed Image Text:Year $ (billions) Year $ (billions) 2000 1264 2010 2458 2002 1498 2012 2746 2004 1733 2014 3107 2006 1976 2016 3556 2008 2227 2018 4086
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