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Answer:
a) On average, homes that are on busy streets are worth $3600 less than homes that are not on busy streets.
Step-by-step explanation:
For the same home (x1 is the same), x2 = 1 if it is on a busy street and x2 = 0 if it is not on a busy street. If x2 = 1, the value of 't' decreases by 3.6 when compared to the value of 't' for x2=0. Since 't' is given in thousands of dollars, when a home is on a busy street, its value decreases by 3.6 thousand dollars.
Therefore, the answer is a) On average, homes that are on busy streets are worth $3600 less than homes that are not on busy streets.
<em>Independent variables are variables of a quantity that are not affected by any conditions. </em>
<em>Dependent variables are variables of a quantity that change if conditions relative to that variable changes.</em>
For example, we generally we take x as independent variable by x variable and dependent variable by y variable.
To find the rate of change we get two values of independent variable (x's) and two values of dependent variables (y's) to get two coordinates in form of
(x,1,y1) and (x2,y2).
<h3>And we can find the rate of change by applying slope formula</h3>.