Could you please make sure all questions are answered, thank you ### Real Estate Sales Analysis and Model PredictionsThe table below lists the number of homes sold by a real estate company in 2010 and 2015. Let $ t $ = the number of years after 2010 and $ n(t) $ = the number of homes sold $ t $ years after 2010.#### Table: Homes Sold by Year| Years after 2010, $ t $ | Number of homes sold, $ n(t) $ ||---------------------------|----------------------------------|| 0 | 200 || 5 | 645 |---#### a. Linear Model FormulationWrite a **linear** model $ n(t) = mt + b $ for the number of homes sold $ t $ years after 2010.#### b. Predicting with Linear ModelUse your **linear** model to predict in which year the number of homes sold will reach (or did reach) 5000 homes. State the year.#### c. Exponential Model FormulationWrite an **exponential** model $ n(t) = n_0 e^{rt} $ for the number of homes sold $ t $ years after 2010. *Round the value of $ r $ to 5 decimal places in your model.*#### d. Predicting with Exponential ModelUse your **exponential** model to predict in which year the number of homes sold will reach (or did reach) 5000 homes. State the year.---By analyzing the given data, you will develop both linear and exponential models to understand and predict the trajectory of home sales over time, showcasing different modeling techniques and prediction scenarios in real estate analytics.

a.We need to write a linear model, n(t)= mt + b Given, n(0)=200 implies, m×0+b=200 ⇒ b=200And,…

The table below lists the number of homes sold by a real estate company in 2010 and 2015. Let t = the number of years after 2010 and n(t) = the number of homes sold t years after 2010. Years after 2010, t Number of homes sold, n(t) 0 200 5 645 a. Write a linear model n(t)= mt+b for the number of homes sold t years after 2010. b. Use your linear model to predict in which year the number of homes sold will reach (or did reach) 5000 homes. State the year. C. Write an exponential model n(t)=ne" for the number of homes sold t years after 2010. Round the value of r to 5 decimal places in your model. d. Use your exponential model to predict in which year the number of homes sold will reach (or did reach) 5000 homes. State the year.

The table below lists the number of homes sold by a real estate company in 2010 and 2015. Let t = the number of years after 2010 and n(t) = the number of homes sold t years after 2010. Years after 2010, t Number of homes sold, n(t) 0 200 5 645 a. Write a linear model n(t)= mt+b for the number of homes sold t years after 2010. b. Use your linear model to predict in which year the number of homes sold will reach (or did reach) 5000 homes. State the year. C. Write an exponential model n(t)=ne" for the number of homes sold t years after 2010. Round the value of r to 5 decimal places in your model. d. Use your exponential model to predict in which year the number of homes sold will reach (or did reach) 5000 homes. State the year.

Calculus: Early Transcendentals

8th Edition

ISBN:9781285741550

Author:James Stewart

Publisher:James Stewart

Chapter1: Functions And Models

Section: Chapter Questions

Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...

See similar textbooks

Related questions

Q: Let f(z)= z* –4z° +11z? -14z+10. Given that 1+i is a zero of f, find the other zeros of f.

Q: Please do question 2 and 3a,b and c

A: “Since you have asked multiple question, we will solve the first question for you. If youwant any…

Q: Number 43, please.

A: Given that 2+4+6---------+70 To fidn the sum

Q: Rachel nas a collection of new |nickels and dimes. He has a total of 15 coins worth $1. 15. How many…

A: In this question we have to find the number of nickel and dimes and we are given with the conditions…

Q: Solve 4,5,6 thanks alot

A: First, try to visualize the figure and then according to the given question, whether it is revolved…

Q: In a parallelogram ABCD, |AB|= 12,|AC = 14. The distance from D to AC is 4. Find the distance from D…

A: Since you have asked multiple questions in a single request, we would be answering only the first…

Q: also answer letter c. thank you

Q: Please write it out with pen and paper

Q: use two and three Points of Gaussian Guadrature xp = 1 %3D

Q: Please find question attached, Thank you!

A: a) Mean = n×Π = 60×(0.65) = 39 Standard deviation = √(n×Π×(1- Π))…

Q: Please hand write it out

A: Given figure:- y=2sin(x) √(1+cos(x))

Q: Pls help ASAP on all asked questions.

A: Step 1:

Q: ow much money does he have left in the account after 11 trips on the toll road

Q: Please TYPE this out. I do not want it handwritten.

A: The given function is y=xx4+4

Q: Please help with #9, #10, and #12

A: 9) P(Z < 0.44) = 0.670031(Using Excel =NORM.S.DIST(0.44,TRUE)) 10) P(Z >-1.04) = 1 - P( Z…

Q: There are 49 dogs signed up to compete in the dog show. There are 36 more small dogs than large dogs…

Q: A construction company decided to distribute sunscreen to all of their workers to protect against UV…

Q: Pls help ASAP on all asked questions.

A: Step 1:

Q: Please answer question 7,8

Q: Explain and verify letter B again.

A: Given: Let C be the curve obtained from the intersection of the surface S1 and the xz-plane. To…

Q: Please allof them.Thanks

A: 1) The mean is calculated as follows: x¯=20+11+20+11+165=785=15.6

Q: Can you solve letter D from the posted question?

Q: Find the slope-intercept form of the equation of the line going through the point (1,6) and…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Question

Could you please make sure all questions are answered, thank you

### Real Estate Sales Analysis and Model Predictions

The table below lists the number of homes sold by a real estate company in 2010 and 2015. Let $ t $ = the number of years after 2010 and $ n(t) $ = the number of homes sold $ t $ years after 2010.

#### Table: Homes Sold by Year

| Years after 2010, $ t $ | Number of homes sold, $ n(t) $ |
|---------------------------|----------------------------------|
| 0 | 200 |
| 5 | 645 |

---

#### a. Linear Model Formulation

Write a **linear** model $ n(t) = mt + b $ for the number of homes sold $ t $ years after 2010.

#### b. Predicting with Linear Model

Use your **linear** model to predict in which year the number of homes sold will reach (or did reach) 5000 homes. State the year.

#### c. Exponential Model Formulation

Write an **exponential** model $ n(t) = n_0 e^{rt} $ for the number of homes sold $ t $ years after 2010. *Round the value of $ r $ to 5 decimal places in your model.*

#### d. Predicting with Exponential Model

Use your **exponential** model to predict in which year the number of homes sold will reach (or did reach) 5000 homes. State the year.

---

By analyzing the given data, you will develop both linear and exponential models to understand and predict the trajectory of home sales over time, showcasing different modeling techniques and prediction scenarios in real estate analytics.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Question a

Question b

Question c

Question d

Trending now

This is a popular solution!

Step by step

Solved in 4 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Pls help ASAP on all asked questions.
Can you recheck and write the a and b portions.
Pls help ASAP on all asked questions.
plz do all questions, no explanation needed, thank you ?
Please give me a complete/correct answer if you can. Thank you!
Can you answer number three please?
Please answer with the same format as the table shown in the picture
Please answer the questions attached