how much did prices rise over how many years? ... this is the slope of the line
... price rise / years
t is the number of years
... it starts at a price in 1995 and increases some amount per year (slope)
I need help solving this. I do not get it one bit.
The median home sale price in country A has been rising approximately linearly since 1995. The median home sale price in 1995 was $110,500. The median home sale price in 2004 was $194,200. Let P be the median home sale price and let t be the number of years since 1995.
Determine a function P(t) that fits this data.
1 answer
1 answer