a) To find the M-intercept, we will fix the t value at 0 thus:
The m-intercept is:
(t,M) = (0,2715)
The explanation is:
In the year 2000, the state had 2715 thousand residents enrolled in Medicare.
b) To find the t-intercept, we will fix M at 0 in the equation thus:
The t-intercept is:
(t,M) = (-33.1,0)
The explanation is:
Since t is -33.1, but to the nearest integer, t = -33
The year will be 2000-33 = 1967
So, therefore:
In the year 1967, the state had 0 thousand residents enrollled in Medicare.