Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Using data from 2010 and projected to 2030, the U.S. crude oil production, in billions of barrels, can be approximated by P = 4.00105:2 +
Using data from 2010 and projected to 2030, the U.S. crude oil production, in billions of barrels, can be approximated by P = 4.00105:2 + 0.0367t + 1.94 where t is the number of years after 2010.+ (a) What tvalue represents 2024? t = 56719.7756 (b) Actual production in 2014 was 2.10 billion barrels. What does the equation give as the 2014 approximation in billions of barrels? |:| billion barrels (c) Estimate the production, in billions of barrels, for 2024. :] billion barrels Using data from 2014 and projected to 2019, the percent of people in the world who are Internet users can be approximated accurately by y = 2.14: + 32.2 or by y = 0.00536:2 + 2.07: + 32.4 with t equal to the number of years after 2010.1' (a) Which equation is more accurate for 2016, when the percentage was 45%? O y = 2.14: + 32.2 0 y = 0.00536:2 + 2.07: + 32.4 (b) Use both formulas to estimate the percentage of users in 2021. (Round your answers to one decimal place.) first equation % l:l second equation I:] % The expenditures E for government public health activities (in billions of dollars) can be approximated by E = 5.031\"2 + 1001\" + 1380 where t is the number of years past 2000.+ (a) What tvalue represents the year 2008? t = years (b) Actual expenditures for 2010 were $2879 billion. What does the formula give as the 2008 approximation? (Round your answer to the nearest billion.) $ billion (c) Estimate the expenditures for 2014. (Round your answer to the nearest billion.) billion \fCompute and simplify so that only positive exponents remain. (-62-665) (3296 -8)The national health care expenditure H (in billions of dollars) can be modeled (that is, accurately approximated) by the formula H = 738.1(1.065)t where t is the number of years past 1990.+ (a) What t-value corresponds to 2003? (b) Approximate the national health care expenditure in 2003. (Round your answer to one decimal place.) $ |:] billion (c) Approximate the national health care expenditure in 2013. (Round your answer to one decimal place.) $ |:| billion (cl) Estimate the national health care expenditure in 2021. (Round your answer to one decimal place.) $ |:| billion
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started