Concept explainers
Per capita expenditures for U.S. health care The following table shows the amount spent per person for health care in the United States for selected years from 2002 and projected to 2024. These data can be modeled by
(a) Find the instantaneous rate of change of per capita health care expenditures (to the nearest dollar) for 2010 and 2020.
(b) Interpret the rate of change for 2020 found in part (a).
(c) Use the data to find the average rate of change from 2018 to 2020. How well does this approximate the rate of change in 2020?
Year | $ per Person | Year | $ per Person |
2002 | 5563 | 2014 | 9695 |
2004 | 6331 | 2016 | 10,527 |
2006 | 7091 | 2018 | 11,499 |
2008 | 7944 | 2020 | 12,741 |
2010 | 8428 | 2022 | 14,129 |
2012 | 8996 | 2024 | 15,618 |
Source: U.S. Centers for Medicare and Medicaid Services
Want to see the full answer?
Check out a sample textbook solutionChapter 9 Solutions
Mathematical Applications for the Management, Life, and Social Sciences
- Help me with step by step solution and accurate answer as soon as possible plsarrow_forwardThroughout, A, B, (An, n≥ 1), and (Bn, n≥ 1) are subsets of 2. 1. Show that AAB (ANB) U (BA) = (AUB) (AB), Α' Δ Β = Α Δ Β, {A₁ U A2} A {B₁ U B2) C (A1 A B₁}U{A2 A B2).arrow_forward16. Show that, if X and Y are independent random variables, such that E|X|< ∞, and B is an arbitrary Borel set, then EXI{Y B} = EX P(YE B).arrow_forward
- Pls help me with accurate answer plsarrow_forwardProposition 1.1 Suppose that X1, X2,... are random variables. The following quantities are random variables: (a) max{X1, X2) and min(X1, X2); (b) sup, Xn and inf, Xn; (c) lim sup∞ X and lim inf∞ Xn- (d) If Xn(w) converges for (almost) every w as n→ ∞, then lim- random variable. → Xn is aarrow_forwardExercise 4.2 Prove that, if A and B are independent, then so are A and B, Ac and B, and A and B.arrow_forward
- Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw HillCollege AlgebraAlgebraISBN:9781305115545Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage Learning
- Trigonometry (MindTap Course List)TrigonometryISBN:9781337278461Author:Ron LarsonPublisher:Cengage LearningBig Ideas Math A Bridge To Success Algebra 1: Stu...AlgebraISBN:9781680331141Author:HOUGHTON MIFFLIN HARCOURTPublisher:Houghton Mifflin HarcourtCollege Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage Learning