First of all, you have to calculate slope of that,
m = (y2-y1)/(x2-x1) = (1-0)/(0+2) = 1/2
now, equation would be y-y1 = m(x-x1)
y-1 = 1/2(x-0)
y-1 = x/2
y = x/2+ 1
In order to see the probaability of this we need to do an easy calculation here:
If X<span> is the price for the policy, then we proceed like this:
</span>0.982x = 0.0275*<span>31,000
</span><span>
x = 0.0275*</span><span>31,000</span><span>/0.982
Minimum ammount he can expect to pay = $868.12 </span>
