Question

The table shows the median home prices in Florida. What is the equation of a trend line that models a relationship between time and home prices? Use the equation to predict the median home price in 2020.
Year
1940
1950
1960
1970
1980
1990
2000
Median Price($)
$20,200
$39,900
$50,400
$62,800
$89,100
$98,700
$119,000

A. y = 1646.67x + 20,200; $151,900

B. y = 49.4x + 20,200; $119,000

C. y = 49.4x + 20,200; $151,900

D. y = 1646.67x + 20,200; $119,000

Answer 1

A. y = 1646.67x + 20,200; $151,900