SOLUTION: Use the equation y=10.7x+133.6 to find the expected median sale price of a single-family home in the year 2007 (12 years after 1995) where x is the number of years since 1995 and y
Algebra.Com
Question 761838: Use the equation y=10.7x+133.6 to find the expected median sale price of a single-family home in the year 2007 (12 years after 1995) where x is the number of years since 1995 and y is the median sale price of a single-family in thousands of dollars.
The expected median sale price of a single-family home in the year 2007 is $_____
Answer by ramkikk66(644) (Show Source): You can put this solution on YOUR website!
x is the number of years since 1995
y is the median sale price
So to find the price in 2007, x = 2007 - 1995 = 12
Just substitute for x as 12 in the first equation, and find out what y (which is the median sale price) is.
:)
RELATED QUESTIONS
in 2006 the average price of a home began to fall in most real estate markets across the... (answered by ewatrrr)
The median price of an existing home was $160,000 in 2000 and $240,000 in 2007. If x... (answered by josmiceli)
For the years 2000–2005, the median price of a single-family home in the United States... (answered by stanbon)
In a certain area, the sale price of new single-family homes has increased 4.1% per year... (answered by adamchapman,fractalier)
. The following graph shows the growth of the median home value in a particular region... (answered by travis12,j.evans345)
The average home price in Linden Hills, Minneapolis in 2007 was $381,000.
The... (answered by solver91311,ewatrrr)
The median listing price of a home in Hollywood in 2010 was $348 thousand. In 2018 the... (answered by Boreal)
I have a word problem that I need help with. I must show my work.
1. In a certain... (answered by checkley77)
The current median home price is $278880, which is 12% higher than last year’s median... (answered by stanbon,greenestamps)