Math Problem Statement
Use the points (2, 2485.6) and (6, 1172.5) to enter and interpret an equation of the line of fit in slope-intercept form. Let x be the years since 2010.
Solution
To find the equation of the line of fit in slope-intercept form , where is the slope and is the y-intercept, follow these steps:
Step 1: Calculate the slope ()
The formula for the slope is:
Substitute the points and :
Thus, the slope .
Step 2: Use the slope to find the y-intercept ()
The slope-intercept form is . Use one of the given points to solve for . Let's use the point :
Simplify:
Thus, the y-intercept .
Step 3: Write the equation
Substituting and into the slope-intercept form:
Interpretation
The equation represents the relationship between the number of years since 2010 () and the corresponding value (). The slope indicates that for every additional year since 2010, the value decreases by approximately 328.275 units. The y-intercept is the estimated value when , or in the year 2010.
Would you like more detailed explanations or assistance with another step? Here are some related questions for exploration:
- How do we graph this line using the given equation?
- What is the value of in 2015 () using this equation?
- Can we determine when will reach zero?
- How does the slope affect the trend in the data?
- What is the importance of interpreting the y-intercept in real-world scenarios?
Tip: Always double-check calculations when interpreting slopes and y-intercepts for accuracy!
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Math Problem Analysis
Mathematical Concepts
Algebra
Linear Equations
Slope-Intercept Form
Formulas
Slope formula: m = (y2 - y1) / (x2 - x1)
Slope-intercept form: y = mx + b
Theorems
Concept of linear relationships in coordinate geometry
Suitable Grade Level
Grades 9-10