Google R & D Spending. In 2009, Google spent about $2800 million on research and development and spent $8000 million in 2013. The relationship between Google's spending and time has been linear; in the problem that follows, assume that the relationship will remain linear until 2030. a) Find a linear function that models Google's spending as a function of time. b) Use your model to predict Google's R & D spending in 2020. c) Write, including units, and interpret the slope of your model.
Google R & D Spending. In 2009, Google spent about $2800 million on research and development and spent $8000 million in 2013. The relationship between Google's spending and time has been linear; in the problem that follows, assume that the relationship will remain linear until 2030. a) Find a linear function that models Google's spending as a function of time. b) Use your model to predict Google's R & D spending in 2020. c) Write, including units, and interpret the slope of your model.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.3: Simple Regression Models
Problem 9P
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