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Out-of-pocket spending in a country for health care increased between 2004 and 2008. The function f(x)=2581e 0.0359x models average annual expenditures per household, in dollars. In this model, x represents the year, where x = 0 corresponds to 2004. (a) Estimate out-of-pocket household spending on health care in 2008. (b) Determine the year when spending reached $2787 per household. www

Out-of-pocket spending in a country for health care increased between 2004 and 2008. The function f(x)=2581e 0.0359x models average annual expenditures per household, in dollars. In this model, x represents the year, where x = 0 corresponds to 2004. (a) Estimate out-of-pocket household spending on health care in 2008. (b) Determine the year when spending reached $2787 per household. www

College Algebra
College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.8: Fitting Exponential Models To Data
Problem 1TI: Table 2 shows a recent graduate’s credit card balance each month after graduation. a. Use...
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Out-of-pocket spending in a country for health care increased between 2004 and 2008. The function f(x)=2581e 0.0359x models average annual expenditures per household, in dollars. In this model, x represents the year, where x = 0 corresponds to 2004. (a) Estimate out-of-pocket household spending on health care in 2008. (b) Determine the year when spending reached $2787 per household. (a) The total expenditures per household in the year 2008 were approximately $ (Round to the nearest dollar as needed.) instructor ra and Trigonometry, 7e son Education Inc. All Rights Reserved. Clear all Check answer
Transcribed Image Text:Out-of-pocket spending in a country for health care increased between 2004 and 2008. The function f(x)=2581e 0.0359x models average annual expenditures per household, in dollars. In this model, x represents the year, where x = 0 corresponds to 2004. (a) Estimate out-of-pocket household spending on health care in 2008. (b) Determine the year when spending reached $2787 per household. (a) The total expenditures per household in the year 2008 were approximately $ (Round to the nearest dollar as needed.) instructor ra and Trigonometry, 7e son Education Inc. All Rights Reserved. Clear all Check answer
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