2. The following is a linear regression model representing the median price of homes in a particular city since the year 1980: P(t) =3,240x+40,000 where Prepresents the price in dollars and t represents the number of years since 1980. a. Find the slope and interpret its meaning within the context of the problem Assuming that the trend continues, calculate the predicted median price in the year 2020 b.

2. The following is a linear regression model representing the median price of homes in a particular city since the year 1980: P(t) =3,240x+40,000 where Prepresents the price in dollars and t represents the number of years since 1980. a. Find the slope and interpret its meaning within the context of the problem Assuming that the trend continues, calculate the predicted median price in the year 2020 b.

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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Show your work please.
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