The annual research and development expenditures at universities and colleges for the
Chapter 10, Problem 24(choose chapter or problem)
The annual research and development expenditures at universities and colleges for the years 2000 through 2005 can be approximated by the modelan 30.34e0.0864n, n 0, 1, 2, 3, 4, 5where is the annual expenditure (in billions of dollars) and is the year, with corresponding to 2000. Use the formula for the sum of a geometric series to approximate the total research and development expenditures during this 6-year period. (Source: U.S. National Science Foundation)
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