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 y=mx+by = mx + b, where mm is the slope and bb is the y-intercept, follow these steps:


Step 1: Calculate the slope (mm)

The formula for the slope is:

m=y2y1x2x1m = \frac{y_2 - y_1}{x_2 - x_1}

Substitute the points (x1,y1)=(2,2485.6)(x_1, y_1) = (2, 2485.6) and (x2,y2)=(6,1172.5)(x_2, y_2) = (6, 1172.5):

m=1172.52485.662=1313.14=328.275m = \frac{1172.5 - 2485.6}{6 - 2} = \frac{-1313.1}{4} = -328.275

Thus, the slope m=328.275m = -328.275.


Step 2: Use the slope to find the y-intercept (bb)

The slope-intercept form is y=mx+by = mx + b. Use one of the given points to solve for bb. Let's use the point (2,2485.6)(2, 2485.6):

y=mx+b    2485.6=(328.275)(2)+by = mx + b \implies 2485.6 = (-328.275)(2) + b

Simplify:

2485.6=656.55+b2485.6 = -656.55 + b

b=2485.6+656.55=3142.15b = 2485.6 + 656.55 = 3142.15

Thus, the y-intercept b=3142.15b = 3142.15.


Step 3: Write the equation

Substituting m=328.275m = -328.275 and b=3142.15b = 3142.15 into the slope-intercept form:

y=328.275x+3142.15y = -328.275x + 3142.15


Interpretation

The equation y=328.275x+3142.15y = -328.275x + 3142.15 represents the relationship between the number of years since 2010 (xx) and the corresponding value (yy). The slope m=328.275m = -328.275 indicates that for every additional year since 2010, the value decreases by approximately 328.275 units. The y-intercept b=3142.15b = 3142.15 is the estimated value when x=0x = 0, or in the year 2010.


Would you like more detailed explanations or assistance with another step? Here are some related questions for exploration:

  1. How do we graph this line using the given equation?
  2. What is the value of yy in 2015 (x=5x = 5) using this equation?
  3. Can we determine when yy will reach zero?
  4. How does the slope affect the trend in the data?
  5. 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