Problem

Online Betting Consumer gambling losses from online betting were $4 billion in 2002...

Online Betting Consumer gambling losses from online betting were $4 billion in 2002 and $10 billion in 2005. (Source: Christiansen Capital Advisors.)

(a) Find an equation of a line y = mx + b that models this information, where y is in billions of dollars and x is the year.

(b) Use this equation to estimate online betting losses in 2008.

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