Question: Using data from 2002 and with projections to 2024, total annual expenditures for national health care (in billions of dollars) can be described by E

Using data from 2002 and with projections to 2024, total annual expenditures for national health care (in billions of dollars) can be described by

E = 4.61x2 + 43.4x + 1620

where x is the number of years past 2000 (Source: U.S. Centers for Medicare and Medicaid Services). If the pattern indicated by this equation remains valid, when does the model predict these expenditures will reach $7071 billion?

Step by Step Solution

3.46 Rating (156 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Using the quadratic formula or a graphing u... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematical Applications for the Management Questions!