E. U.S. Health-Care Information Technology Spending As health-care costs increase, payers are turning to technology and outsourced services to keep a lid on expenses. The amount of health-care information technology (IT) spending by payer is projected to be S (t) = -0.03t³ +0.2t² +0.23t + 5. + where S (t) is measured in billions of dollars and t is measured in years, with t = 0 corresponding to 2004. What was the amount spent by payers on health-care IT in 2004? Assuming that the projection held true, what amount was spent by payers in 2008?

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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the equation is s(t) = -0.03t cubed + 0.2t squared + 0.23t + 5.6 (< t < 4)
Compute s (0.6) and interpret your result.
Answer
82. U.S. Health-Care Information
Technology Spending As health-care
costs increase, payers are turning to technology
and outsourced services to keep a lid on
expenses. The amount of health-care
information technology (IT) spending by payer
is projected to be
S (t) = -0.03t³ + 0.2t² +0.23t + 5.
where S (t) is measured in billions of dollars
and t is measured in years, with t = 0
corresponding to 2004. What was the amount
spent by payers on health-care IT in 2004?
Assuming that the projection held true, what
amount was spent by payers in 2008?
Source: U.S. Department of Commerce.
92 Boyle's Law
SD
Transcribed Image Text:Compute s (0.6) and interpret your result. Answer 82. U.S. Health-Care Information Technology Spending As health-care costs increase, payers are turning to technology and outsourced services to keep a lid on expenses. The amount of health-care information technology (IT) spending by payer is projected to be S (t) = -0.03t³ + 0.2t² +0.23t + 5. where S (t) is measured in billions of dollars and t is measured in years, with t = 0 corresponding to 2004. What was the amount spent by payers on health-care IT in 2004? Assuming that the projection held true, what amount was spent by payers in 2008? Source: U.S. Department of Commerce. 92 Boyle's Law SD
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