If the trend for the growth in the median home value continues=d, what would be its value in the year 2007? show how you obtained your answer using the linear equation you found in part c).
To determine the value of the median home in the year 2007, we need to use the linear equation found in part c). Let's assume the equation is in the form of y = mx + b, where y represents the median home value and x represents the number of years since the reference point.
If we have the value of the growth trend (d), we can use the equation y = dx + b to find the median home value in any given year. However, since we don't have the specific values for d and b, we cannot calculate the exact median home value for 2007.
To find the value in the year 2007, we need to know either the initial value (b) or another point on the line. If we have either of these data points, we can substitute it into the equation and solve for the unknowns.
Without additional information, we cannot obtain the exact value of the median home in the year 2007 using the linear equation.