SOLUTION: In 2011, the average price of a new home sold in a country was $286,800. In 2004, the average price of a new home in the same country was $291,000. Let y be the average
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Question 1161671: In 2011, the average price of a new home sold in a country was $286,800. In 2004, the average price of a new home in the same country was $291,000. 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 (0,291000) and (7,286800).]
b. Use this equation to predict the average price of a new home in 2014.
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
Use the Two-Point form of an equation of a line to answer part a.
)
Where )
and )
are the two given points.
Substitute 
and do the arithmetic to answer part b.
John
My calculator said it, I believe it, that settles it
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