I need help to Show an equation that relates the House Price, P to the square footage, #ft^2#, and then use this equation to predict the price of a #20,200 ft^2# house?
3 Answers
Let the price of the house be
To find the equation, we need two things - gradient and one point.
Hence, the price of the house is
Price of house= 200*area (sq.ft)
I hope the line is through origin.
So u can express them using straight line equation
Explanation:
Here c=0,
So,price=200*area
for area 20,200 sq.ft
price is
Explanation:
The graph is a straight line, which means that the price is directly proportional to the area.
Use the equation of a line:
The line passes through
To find the slope,
This means that the price is