The equation of line is y = 92x – 182631. The slope is 92 and the y-intercept is the negative 182631. And the health expenditure in 2010 will be 2289.
What is the equation of a line passing through two points?
Suppose the given points are (x₁, y₁) and (x₂, y₂), then the equation of the straight line joining both two points is given by
[tex]\rm (y - y_1) = \left [ \dfrac{y_2 - y_1}{x_2 - x_1} \right ] (x -x_1)[/tex]
In MODE, (second line), fix the number of decimal places to be 2.
Then the slope and the y-intercept values of the Lin Reg line will round to the nearest hundredth.
(x₁, y₁) → (1997, 1093)
(x₂, y₂) → (2002, 1553)
Then we have
y – 1093 = [(1553 – 1093) / (2002 – 1997)] (x – 1997)
y – 1093 = [460 / 5] (x – 1997)
y – 1093 = 92 (x – 1997)
y = 92x – 182631
If x = 2010, then the value of y will be
y = 92 × 2010 – 182631
y = 184920 – 192631
y = 2289
Learn more about straight-line equations here:
https://brainly.com/question/380976
#SPJ1
