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4 July, 22:37

Suppose that the imports from a certain country grew from about 45 billion dollars in 1994 to 69 billion in 2000. Let x = 0 correspond to 1994. Estimate the imports (in billions of dollars) for the year 2000.

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  1. 5 July, 02:26
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    y = 69 billion dollars for the year 2000

    Step-by-step explanation:

    Imports from a certain country grew from about 45 billion dollars in 1994 to 69 billion in 2000

    Let

    x = year

    y = imports

    From the given information we have,

    (x₁, y₁) = (1994, 45)

    (x₂, y₂) = (2000, 69)

    The equation of line is given by

    (y - y₁) = m (x - x₁)

    Where m is the slope and is given by

    m = (y₂ - y₁) / (x₂ - x₁)

    m = (69 - 45) / (2000 - 1994)

    m = 24/6

    m = 4

    So the equation becomes

    (y - 45) = 4 (x - 1994)

    Estimate the imports for the year 2000.

    Substitute x = 2000

    (y - 45) = 4 (2000 - 1994)

    (y - 45) = 4 (6)

    y - 45 = 24

    y = 24 + 45

    y = 69 billion dollars

    Note:

    Since the imports for the year 2000 was already given let us figure out imports for some other year.

    Estimate the imports for the year 1997.

    Substitute x = 1997

    (y - 45) = 4 (1997 - 1994)

    y - 45 = 4 (3)

    y - 45 = 12

    y = 12 + 45

    y = 57 billion dollars
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