Question

The table shows the median home prices in Florida. What is the equation of a trend line that models a relationship between time and home prices? Use the equation to predict the median home price in 2040

*YEAR- 1940 *MEDIAN PRICE($)-$23,800
*YEAR- 1950 *MEDIAN PRICE($)-$40,900
*YEAR- 1960 *MEDIAN PRICE($)-$58,000
*YEAR- 1970 *MEDIAN PRICE($)-$57,400
*YEAR- 1980 *MEDIAN PRICE($)-$82,400
*YEAR- 1990 *MEDIAN PRICE($)-$100,700
*YEAR- 2000 *MEDIAN PRICE($)-$113,100

A.) y = 44.65x + 23,800; $172,600
B.) y = 44.65x + 23,800; $142,900
C.) y = 1488.33x + 23,800; $142,900
D.) y = 1488.33x + 23,800; $172,600

Answer 1

In your question above where there is a table that shows the trends of median prices of home in florida over the period of time and the ask of the question is to give or to choose which of the following choices is the equation of the relationship between the time and the home price and i think the answer is D.