SOLUTION: In 1980, the average price of a home in lake county was $92,000. By 1987,the average price of a home was $127,000. Which of the following is a linear model for the price p of a hom
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Question 727022: In 1980, the average price of a home in lake county was $92,000. By 1987,the average price of a home was $127,000. Which of the following is a linear model for the price p of a home in lake county, in terms of the year t? Let t=0 correspond to 1980. A) P=5000t+92,000. B) P=127,000-35,000t C) P=32,000t+92,000. D)P=127,000-5000t
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
is plotted on the horizontal axis
{{ P }}} is plotted on the vertical axis
You are given 2 points
( 0, 92000 ) and ( 7, 127000 )
Use the point-slope formula
(A) is the answer
check:
Let
OK
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