The annual expenditures for Medicare (in billions of dollars) by the U.S. government for selected years since

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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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