National Health Care The table shows national expenditures for health care in the United States for selected years, with projections to 2015.
a. Use a scatter plot with x as the number of years after 1950 and y as the total expenditures for health care (in billions) to identify what type (or types) of function would make a good model for these data.
b. Find a power model and a quadratic model for the data.
c. Which model from (b) more accurately estimates the 2010 expenditures for national health care?
d. Use the better model from (c) to estimate the 2020 expenditures for national health care.
Year | National Expenditures for Health Care (in billions) |
1960 | $28 |
1970 | 75 |
1980 | 255 |
1990 | 717 |
1995 | 1020 |
2000 | 1359 |
2005 | 2016 |
2010 | 2879 |
2015 | 4032 |
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.