Would it be appropriate for the real estate agent to use this model to make a prediction about the number of days a house that is price $120 above market value would sit vacant? A. Yes, it would be appropriate because R2 is close to 1, and $120 is close to the given data values B. No, it would not be appropriate becausee $120 is an interpolation value C. Yes, it would be appropriate because this situation should be modeled by an increasing linear function D. No, it would not be appropriate because r2 is not close to 1
Would it be appropriate for the real estate agent to use this model to make a prediction about the number of days a house that is price $120 above market value would sit vacant? A. Yes, it would be appropriate because R2 is close to 1, and $120 is close to the given data values B. No, it would not be appropriate becausee $120 is an interpolation value C. Yes, it would be appropriate because this situation should be modeled by an increasing linear function D. No, it would not be appropriate because r2 is not close to 1
Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter8: Graphing Quadratic Functions
Section: Chapter Questions
Problem 14CT
Related questions
Question
70
Would it be appropriate for the real estate agent to use this model to make a prediction about the number of days a house that is price $120 above market value would sit vacant?
A. Yes, it would be appropriate because R2 is close to 1, and $120 is close to the given data values
B. No, it would not be appropriate becausee $120 is an interpolation value
C. Yes, it would be appropriate because this situation should be modeled by an increasing linear
D. No, it would not be appropriate because r2 is not close to 1
Transcribed Image Text:A real estate agent wants to develop a model for the number of days a rental property sits vacant based on how much the rental price is
compared to the market value. The given graph shows the rental price for 15 of the real estate agent's previous rental properties compared to
market value and number of days the house sat vacant. The real estate agent fit the data with an exponential function, which has an 2 value
0.83.
|Number of days house sat vacant
55
50
45
40
35
30
25
20
150
10-
5
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Recommended textbooks for you
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning