document.write( "Question 622415: The average home price in Linden Hills, Minneapolis in 2007 was $381,000. The average home price in Linden Hills, Minneapolis in 2011 was $296,000
\n" ); document.write( "Source: http://www.zillow.com/local-info/MN-Minneapolis-home-value/r_5983/
\n" ); document.write( "Let year be the x variable and the home price be the y variable.
\n" ); document.write( " Generate a linear function that relates year (x) to home price (y).
\n" ); document.write( "Estimate what the average home price was in 2009.
\n" ); document.write( "Estimate what the average home price will be in 2035. Discuss your answer.
\n" ); document.write( "If this trend continues, estimate what year you would predict the average home price will reach $250,000.
\n" ); document.write( "Describe in your own words, what the slope of this function tells you.
\n" ); document.write( "Give another example where you might use a linear representation to model change over time.
\n" ); document.write( "Hint for a- f: You have two points and you are generating the equation of a line given two points. Your points are of the form (x, y) or more specifically (year, home price). \n" ); document.write( "

Algebra.Com's Answer #391382 by ewatrrr(24785) $\"\"$ $\"About$

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document.write( "Hi,
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document.write( "The average home price in Linden Hills, Minneapolis in 2007 was $381,000
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document.write( "The average home price in Linden Hills, Minneapolis in 2011 was $296,000\r
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document.write( "(0,381,000)
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document.write( "(4,296,000   m = 85,000/-4 = -21,250
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document.write( "Generate a linear function that relates year (x) to home price (y). 
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document.write( " where x is the number of years after 2007  
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document.write( " Estimate what the average home price was in 2009. $338,500
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document.write( " Estimate what the average home price will be in 2035. -21250*28 + 381,000 
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document.write( " If this trend continues, estimate what year you would predict the average home price will reach $250,000.
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document.write( "  250,000 = -21250x + 381,00
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document.write( "  -131,000/ -21250 = x = 6.165  2007 + 7 = 2014 \n" );
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