Answer:
[tex]y = 6.495x + 6.495[/tex]
Step-by-step explanation:
Represent years with x and cost with y.
So, we have:
[tex](x_1,y_1)=(1,12.99)[/tex]
[tex](x_2,y_2)=(3,25.98)[/tex]
Required
Determine the slope intercept equation
First, we calculate the slope (m)
[tex]m = \frac{y_2 - y_1}{x_2 - x_1}[/tex]
[tex]m = \frac{25.98 - 12.99}{3 - 1}[/tex]
[tex]m = \frac{12.99}{2}[/tex]
[tex]m = 6.495[/tex]
The equation is then calculated as:
[tex]y - y_1 = m(x - x_1)[/tex]
Where
[tex]m = 6.495[/tex]
[tex](x_1,y_1)=(1,12.99)[/tex]
[tex]y - 12.99 = 6.495(x - 1)[/tex]
[tex]y - 12.99 = 6.495x - 6.495[/tex]
Make y the subject
[tex]y = 6.495x - 6.495 + 12.99[/tex]
[tex]y = 6.495x + 6.495[/tex]
