Question

his question has two parts first, answer part a. then, answer part b
part a
correct
1 out of 1 points
housing the data show the median price of an existing home from 2010 to 2015

a. use the points (1, 226.9) and (4, 275.2) to write an equation for the line of fit in slope - intercept form, where x is the number of years since 2010 and y is the median price in thousands of dollars
y = 16.1x + 210.8
part b
incorrect
1 try left try once more
b. if the trend continues, what will be the approximate median price of an existing home in 2025?
about $

Explanation:

Step1: Determine the value of \(x\)

The year is 2025. Since \(x\) is the number of years since 2010, \(x = 2025 - 2010=15\).

Step2: Substitute \(x = 15\) into the equation \(y = 16.1x+210.8\)

$$
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$$

Since \(y\) is the median price in thousands of dollars, the price is \(y\times1000\) dollars.

Answer:

\(452300\)