document.write( "Question 139902: I am not sure if I have this correct. I did try it though. In 1992 the average price of a lot on the beach near a town on Puget Sound was $94,000. By 1999, the average price of a home was $129,000. Find a linear model for the price of such a lot on the beach, P, if t=o represents the year 1992.\r
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document.write( "Here is my answer: P=$35,000t+$94,000 \n" );
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Algebra.Com's Answer #101977 by edjones(8007)![]() ![]() You can put this solution on YOUR website! Mark the years on the x portion of a graph and the home prices on the y. \n" ); document.write( "(x,y) (0,9.4)(7,12.9) are the 2 points on the graph. \n" ); document.write( "slope=m=(y[2]-y[1])/(x[2]-x[1]) \n" ); document.write( "=12.9-9.4 / 7-0 \n" ); document.write( "=3.5/7 \n" ); document.write( "=1/2=.5 \n" ); document.write( ". \n" ); document.write( "point slope form of the equation of a line=y-y[1]=m(x-x[1]) \n" ); document.write( "take (0,9.4) as the point. \n" ); document.write( "y-9.4=.5(x-0) \n" ); document.write( "y-9.4=.5x \n" ); document.write( "y=.5x+9.4 Answer \n" ); document.write( ". \n" ); document.write( "Ed \n" ); document.write( ". \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " |