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

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> 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      Log On


   

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) About Me  (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