For the years from 2002 and projected to 2024, the national health care expenditures H, in billions of dollars, can be modeled by H = 1,500e0.053t where t is the number of years past 2000.† In what year are national health care expenditures expected to reach $4.0 trillion (that is, $4,000 billion)?
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
For the years from 2002 and projected to 2024, the national health care expenditures H, in billions of dollars, can be modeled by
where t is the number of years past 2000.† In what year are national health care expenditures expected to reach $4.0 trillion (that is, $4,000 billion)?
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