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 median price($)
1940 $20,200
1950 $39,900
1960 $50,400
1970 $62,800
1980 $89,100
1990 $98,700
2000 $119,000

A) Price= 1617*Year - 3.116e+006;     B) 150340$ By 2020

Step-by-step explanation:

We have a data set of 7 x, y pairs, this data set can be modelled as line, applying a linear regression calculator we found that the trend line can be modelled as Price= 1617*Year - 3.116e+006  

Attached you will find the regression results where x is the year variable and Y is the price. If we now plug year=2020 in the equation we have:

Price=1617*2020-3.116e+006 = 150340$

a_n = a_1 + (n - 1)d

the first term is 6.

the common difference d = ?

when you find d, replace n with 7 and d with the common difference to find your answer.

you would need to also lose 1 point for each of the other outcomes for it to be fair.

step-by-step explanation: