Answer:
y =
Step-by-step explanation:
The equation used to find the equation for a line with two intercepts is called point slope form. , where
and
are the intercept points and m is the slope.
However, we need the slope to use this formula.
Use
m = \frac{y_{1} - y_{2} }{x_{1} - x_{2}}
y - ( -7 ) = m ( x - ( 4 ) )
y - ( -7 ) = -7/4 ( x - ( 4 ) )
y + 7 = -7/4 ( x + 4 )
y + 7 =
y + 7 =
y + 7 =
y + 7 = - 7
y =
Given conditions are :
In 1980's, a typical middle-income household earned= $34,757
In 2009, a similar middle-income household earned= $38,550
And we have to find relative increase in income for these households from 1980 to 2009.
So first we will find the total increase in amounts.
Relative increase =
= 10.91% or rounding it off we get approx 11%.
Hence, the answer is 11%.
Answer:
Step-by-step explanation:
We must develop three equations in three unknowns.
I will use these three: