The annual expenditures for Medicare (in billions of dollars) by the U.S. government for selected years since
Question:
The annual expenditures for Medicare (in billions of dollars) by the U.S. government for selected years since 1980 are shown in Table 5. Let x represent years since 1980.
(A) Find an exponential regression model (y = abx) for the data. Estimate (to the nearest billion) the annual expenditures in 2025.
(B) When will the annual expenditures exceed two trillion dollars?
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College Mathematics For Business Economics, Life Sciences, And Social Sciences
ISBN: 978-0134674148
14th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
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