Question

If f(p) is the average number of days a house stays on the market before getting sold for price p in $1,000s, what is the meaning of f(150)?

Answer 1

f(150) represents the average number of days houses priced at $150,000 stay on the market before being sold, providing insight into market dynamics at that price point.

Step-by-step explanation:

The function f(p) describes the average number of days a house priced at p thousand dollars stays on the market before being sold. When we consider.

f(150), this represents the average number of days a house priced at $150,000 (p is 150, which means 150 thousand dollars) stays on the market before it gets sold. It's a specific value of the function that gives us an idea about the housing market dynamics for houses around that price range.