Medicare Spending In 2010 Medicare spending was $524 billion and in 2020 it is projected to be $949 billion. (Source: Congressional Budget Office.)
(a) Find a linear function f that models these data. Let x represent the number of years after 2010.
(b) Interpret the slope and y-intercept for the graph of f.
(c) Estimate Medicare spending in 2016. Did your answer involve interpolation or extrapolation?
(d) Predict the years when Medicare spending could be between $694 billion and $864 billion.
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