Write in y=mx+b form
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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.
<h3>What is the equation of a line passing through two points?</h3>Suppose the given points are (x₁, y₁) and (x₂, y₂), then the equation of the straight line joining both two points is given by
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
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