a. Use regression to find an exponential equation to model the data. Round the numbers in your equation to 3 decimal places. y = ab with a = b = b. Use your equation to predict the expenditure in 2018. Round to the nearest billion dollars.

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter4: Polynomial And Rational Functions
Section4.6: Rational Functions
Problem 11SC: Find the mean hourly cost when the cell phone described above is used for 240 minutes.
icon
Related questions
Question
Data concerning the expenditure for health care in the United States is shown in the table. Consider 2000 as year 0.
Expenditure (billions $)
4000
3000
2000
1000
0
a
US Health Care Expenditure
2
4
6
8
Year
10
12 14
16
Year
2000
2004
2005
2007
2008
2009
2012
2013
2015
Expenditure
(billions $)
1359
1878
2016
2320
2498
2689
3298
3533
4032
a. Use regression to find an exponential equation to model the data. Round the numbers in your equation to 3
decimal places.
y = ab with
b =
b. Use your equation to predict the expenditure in 2018. Round to the nearest billion dollars.
Transcribed Image Text:Data concerning the expenditure for health care in the United States is shown in the table. Consider 2000 as year 0. Expenditure (billions $) 4000 3000 2000 1000 0 a US Health Care Expenditure 2 4 6 8 Year 10 12 14 16 Year 2000 2004 2005 2007 2008 2009 2012 2013 2015 Expenditure (billions $) 1359 1878 2016 2320 2498 2689 3298 3533 4032 a. Use regression to find an exponential equation to model the data. Round the numbers in your equation to 3 decimal places. y = ab with b = b. Use your equation to predict the expenditure in 2018. Round to the nearest billion dollars.
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Similar questions
Recommended textbooks for you
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning