Per capita spending on health care in the United States has increased steadily since 1970.
Year | Per Capita Spending on Health Care |
1970 | $362 |
1980 | $1005 |
1990 | $2012 |
1993 | $3250 |
1997 | $3981 |
2000 | $4670 |
2001 | $4995 |
2002 | $5440 |
a. Draw a scatter plot of the data.
b. Find an exponential regression model for the data. Be sure to state what x represents in the model.
c. Use your model to estimate per capita health care spending in 2005.
d. Use your model to determine the rate at which health care spending was changing in 2000.
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