Answer:
Step-by-step explanation:
2y + 4 = 0 <em>subtract 4 from both sides</em>
2y = -4 <em>divide both sides by 2</em>
y = -2
The slope-intercept form of an equation of a line:
y = mx + b
m<em> - slope</em>
b<em> - y-intercept → (0, </em><em>b</em><em>)</em>
In the equation
y = -2
<em>slope: </em><em>m = 0</em>
<em>y-intercept: </em><em>b = -2 → (0, -2)</em>
<em />
<em>y = -2 - it's a horizontal line</em>
Answer:
A) m = 0.062
B) 202.87 thousand dollars
C) Original price = 116.07 thousand dollars. $6000 is called the error term.
Step-by-step explanation:
We are given the following in the question:
Price = 47.87+0.062(size)
The above equation is regression equation where price is in thousand dollars and size in square feet.
Let p be the prize and s be the size.
Comparing it to linear equation, we have,
where m is the slope and c is the y-intercept.
m = 0.062
c = 47.87
A) slope of the line
The slope of line tells the rate of change. Thus, it tells the change in price if the size of house is increased by 1 square feet.
The price of house increases by 0.062 thousand dollars if the size of house is increased by 1 square feet.
B) Price of house
We are given s = 2500. Putting this value in the equation.
Thus, the price of a 2500 square feet house is 202.87 thousand dollars.
C) We are given s = 1100
Putting the value in the equation:
Original price = 116.07 thousand dollars
Asking price =
The buyer is asking for 110.07 thousand dollars.
$6000 is called the error term.