Predicting the Cost of a Home In 2008, the average cost of a home in Memphis was

Chapter 1, Problem 113

(choose chapter or problem)

Predicting the Cost of a Home In 2008, the average cost of a home in Memphis was $94,823. In 2009, the average cost was $88,280. (a) Assuming that the relationship between time and cost is linear, develop a formula for predicting the average cost of a home. (b) What will be the average cost of a home in 2011? Source: National Association of Realtors

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