Using U.S. Centers for Medicare and Medicaid Services data from 2000 and projected to 2024, the total
Question:
Using U.S. Centers for Medicare and Medicaid Services data from 2000 and projected to 2024, the total U.S. expenditures (in billions of dollars) for professional health services and retail medical products (including
prescription drugs) can be modeled by
y = 617e0.0505t
where t is the number of years after 2000.
(a) Find the function that models the rate of change.
(b) Find the model’s value for the rate of change of U.S. expenditures for professional health services and retail medical products in 2010 and in 2020.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Mathematical Applications For The Management, Life And Social Sciences
ISBN: 9781337625340
12th Edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Question Posted: