Question
In 1980 the average price of a home in Brainerd County was $97,000. By 1986 the average price of a home was $109,000.
What is the slope or rate of change in the scenario?
What is the slope or rate of change in the scenario?
Answers
GPT 3.5
To find the slope or rate of change, we need to calculate the change in the average price of a home over the given time period.
The change in average price is found by subtracting the initial value from the final value:
Change in average price = $109,000 - $97,000 = $12,000
The time period is 1986 - 1980 = 6 years.
To find the slope or rate of change, we divide the change in average price by the time period:
Rate of change = Change in average price / Time period
= $12,000 / 6 years
= $2,000/year
Therefore, the slope or rate of change in this scenario is $2,000/year.
The change in average price is found by subtracting the initial value from the final value:
Change in average price = $109,000 - $97,000 = $12,000
The time period is 1986 - 1980 = 6 years.
To find the slope or rate of change, we divide the change in average price by the time period:
Rate of change = Change in average price / Time period
= $12,000 / 6 years
= $2,000/year
Therefore, the slope or rate of change in this scenario is $2,000/year.