What did housing prices look like in the good old days The median sale prices for new
Chapter 11, Problem 11.5(choose chapter or problem)
What did housing prices look like in the good old days? The median sale prices for new single-family houses are given in the accompanying table for the years 1972 through 1979.1 Letting Y denote the median sales price and x the year (using integers 1, 2,..., 8), fit the model Y = 0 + 1x + . What can you conclude from the results? Year Median Sales Price (1000) 1972 (1) $27.6 1973 (2) $32.5 1974 (3) $35.9 1975 (4) $39.3 1976 (5) $44.2 1977 (6) $48.8 1978 (7) $55.7 1979 (8) $62.9
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