Identify the slope and y-intercept of the function y = –8x + 1. A. The slope is 8. The y-intercept is (0, 1). B. The slope is –8
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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.