Year $ per Person Year $ per Person 2000 4789 2010 8465 2002 5563 2012 9275 2004 6331 2014 10,289 2006 7091 2016 11,520 2008 7826 2018 12,994 (Source: U.S. Medicare and Medicaid Services)

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
icon
Related questions
Question

Expenditures for U.S. Health Care The cost per person per year for health care, with projections to 2018,
is shown in the following table

a. Let x represent the number of years after 2000 and
y represent the annual cost, and sketch the scatter
plot
of the data.
b. Graph the function y = 1.149x3 - 21.564x2 +473.575x + 4749.394 on the same axes as the scatter plot.
c. Is the function a good visual fit to the data?

Year $ per Person Year $ per Person
2000
4789
2010
8465
2002
5563
2012
9275
2004
6331
2014
10,289
2006
7091
2016
11,520
2008
7826
2018
12,994
(Source: U.S. Medicare and Medicaid Services)
Transcribed Image Text:Year $ per Person Year $ per Person 2000 4789 2010 8465 2002 5563 2012 9275 2004 6331 2014 10,289 2006 7091 2016 11,520 2008 7826 2018 12,994 (Source: U.S. Medicare and Medicaid Services)
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Linear Equations
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, probability and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability
A First Course in Probability
Probability
ISBN:
9780321794772
Author:
Sheldon Ross
Publisher:
PEARSON