Question

In MODE, (second line), fix the number of decimal places to be 2. Then the slope and the y-intercept values of the LinReg line will round to the nearest hundredth. Find the LinReg line of best fit for the National Health Expenditures data. Then predict national health expenditures for 2010. (Hint: You may have to expand the calculator window to include the year 2010 on your screen.)

Answer 1

The equation of line is y = 92x - 182631. The slope is 92 and the y-intercept is - 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

$\rm (y - y_1) = \left [ \dfrac{y_2 - y_1}{x_2 - x_1} \right ] (x -x_1)$

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:

brainly.com/question/380976

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