Math Problem Statement
The amount of money a certain government spent on food and nutrition assistance (in billions of dollars) can be approximated by the function f left parenthesis x right parenthesis equals StartFraction 74.5 Over 1 plus 8.24 e Superscript negative 0.34 x EndFractionf(x)= 74.5 1+8.24e−0.34x, where xequals=0 corresponds to the year 20002000. Use a graphing calculator or other technology to complete parts (a) and (b). Question content area bottom Part 1 (a) Find the amount spent in 20112011 and 20222022. Write the expression that can be used to find the amount spent in the year 20112011 (in billions of dollars).
Solution
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Exponential Decay
Algebra
Modeling with Functions
Formulas
f(x) = 74.5 / (1 + 8.24e^(-0.34x))
Theorems
-
Suitable Grade Level
Grades 10-12
Related Recommendation
Exponential Decay Model for Beef Consumption: Finding Decay Constant and Predictions
Modeling Exponential Growth in Food and Drink Spending: Analyzing 1990-2022 Trends
Exponential Decay Model with Unit Adjustment: Formula and Solution
Understanding the Domain and Range of Exponential Decay Models
Exponential Decay Model: Decrease in School Students