the average monthly rent for a one-bedroom apartment in a city is $766 on average how much rent would a tenant pay for a one-bed
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For this case we have that by definition, the equation of a line in the slope-intersection form is given by:
Where:
m: It is the slope of the line
b: It is the cut-off point with the y axis
We have the following points:
Substituting we have:
Thus, the equation is of the form:
We substitute one of the points and find "b":
Finally, the equation is of the form:
Answer: