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

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Math Problem Analysis

Mathematical Concepts

Exponential Decay
Algebra
Modeling with Functions

Formulas

f(x) = 74.5 / (1 + 8.24e^(-0.34x))

Theorems

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Suitable Grade Level

Grades 10-12