question 19

19. Imports and healthcare spending. An analyst creates a scatter plot for the value of goods imported into the United States in the years between 1990 and 2001 versus the total private spending on health care in the US during those years. The correlation equals 0.975, and the slope of the regression line for predicting health care spending from imports equals 0.8. If tariffs are used to reduce imports by $50 billion dollars, approximately what type of reduction in health care spending is to be expected from this? Explain briefly