Question

1. fill in the blanks using the available answer choices. arguments the graph shows median prices for small cottages on a lake since 2005. a real es - tate agent says that since 2005, the rate of change for house prices is $10,000 each year. cottage prices since 2005 a. do you agree? ________ (blank 1) blank 1 options • yes • no

Explanation:

Step1: Calculate the rate of change

The rate of change (slope) formula is \(m=\frac{y_2 - y_1}{x_2 - x_1}\). Let's assume two points on the line. For example, if at \(x_1 = 0\) (year 2005), \(y_1\approx30\) (in thousands of dollars) and at \(x_2=10\), \(y_2\approx60\) (in thousands of dollars). Then \(m=\frac{60 - 30}{10-0}=\frac{30}{10}=3\) (in thousands of dollars per year).

Answer:

No