
Ken R. answered 09/15/14
Tutor
4.7
(7)
Physics, Chemistry, Math and Computer Programming
Using a base of 1900, we have two points:
(40, 249767) and (102, 1014550)
Slope is change in y over change in x. So that is 764783/62 or about 12335.2
Y = mx + b and using the first point we have: 249767 = 12335.2 * 40 + b. Solving we get b = 39756359 (rounding)
Now to use it to get the 2017 number.
y = 12335.2(117) + 39756359 or y = 41199578
Clearly the y-intercept is large, so it would need to be checked with the historical record. It is likely too big, which means this method of prediction is not that great.