In 2009, the average price of a new home sold in a country was $294,000. In 2004,

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In 2009, the average price of a new home sold in a country was $294,000. In 2004, the average price of a new home in the same country was $297,000. Let y be the average price of a new home in the year x, where x=0 represents the year 2004

a. Write a linear equation that models the average price of a new home in terms of the year x

[Hint: The line must pass through the points (0,297000) and (5,294000).]

b. Use this equation to predict the average price of a new home in 2015.

Related Book For answer-question

Basic Business Statistics Concepts And Applications

ISBN: 9780132168380

12th Edition

Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel

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Posted Date: May 18, 2023 12:22 AM

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In 2009, the average price of a new home sold in a country was $294,000. In 2004,

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y 800x294000 285200 Addressing STEPS a Accept y ... View the full answer

Basic Business Statistics Concepts And Applications

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