According to the Massachusetts Department of Welfare, the spending (in billions of dollars) by Medicaid, the national health-care plan for the poor, over the 5-yr period from 1988 to 1992 is summarized in the accompanying table.
Find an equation of the least-squares line for these data. Please round the coefficients in your equation to three decimal
places. Use the result of to estimate Medicaid spending for the year 1994, assuming the trend continued.
a. y = 0.114x + 1.550; $2.262 billion
b. y = 0.117x + 1.546; $2.217 billion
c. y = 0.114x + 1.550; $2.234 billion
d. y = 0.117x + 1.546; $2.248 billion
c. y = 0.114x + 1.550; $2.234 billion
You might also like to view...
The figure shows the graph of a function. At the given value of x, does the function appear to be differentiable, continuous but not differentiable, or neither continuous nor differentiable?x = 0
A. Differentiable B. Continuous but not differentiable C. Neither continuous nor differentiable
Write the equation of the line that has the given slope and passes through the given point. Write the equation in slope-intercept form.slope = 
; 
A. y = - 
x - 8
B. y = 
x
C. y = -8x
D. y = 2x
Complete.2 mi2 = _______ acres
A. 1280 B. 0.0031 C. 640 D. 0.0063
Solve the problem.The polynomial function A(x) = 1.06x -.02x3 gives the approximate alcohol level (in tenths of a percent) in a person's blood x hours after drinking about 8 ounces of 100-proof whiskey. What would the person's alcohol level be 2 hours after drinking? Give answer as a percent.
A. 1.96% B. 0.208% C. 0.196% D. 2.08%