algebra

posted by .

P. 620 #56. Predicting Home Prices Selling prices of homes
can depend on several factors such as size and age.
The accompanying table shows the selling price for
three homes. In this table, price P is given in thousands
of dollars, age A in years, and home size S in
thousands of square feet. These data may be modeled
by the equation P=a+bA+cS

Price(P) Age(A) Size(S)
190 20 2
320 5 3
50 40 1

(a) Write a system of linear equations whose solution
gives a, b, and c.
(b) Solve the system.
(c) Predict the price of a home that is 10 years old
and has 2500 square feet.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Statistics

    How much more would you expect to pay for a home that has four bedrooms than for a home that has three bedrooms?
  2. statistics

    A maker has the opportunity to purchase several acres of land that is divided up into several lots for building single-family homes. It is known that the average sale price of all of the lots is $80,000 and the standard deviation of …
  3. algebra

    At a certain real estate firm,realtors selling homes receive a commission of 7% for the first 140,000 of the selling price, and 5% for any amount exceeding 140,000. A realtor for the firm received 11,350 for selling a house. What was …
  4. algebra

    At a certain real estate firm,realtors selling homes receive a commission of 7% for the first 140,000 of the selling price, and 5% for any amount exceeding 140,000. A realtor for the firm received 11,350 for selling a house. What was …
  5. algebra 2

    At a flea market held each weekend, an artist sells handmade earrings. The table below shows the average number of pairs of earrings sold for several prices. Given the pattern in the table, how much should the artist charge to maximize …
  6. Simple Array Process

    need help with this generate only the pseudocode. No charting is required, but you will have to incorporate the bubble sort algorithm to ensure the selling prices are in order so you can determine the median selling price. Do not assume …
  7. algebra

    selling prices of homes can depend on several factors such as size and age the table shows the selling price these data may be modeled by the equation P=a+ba+cs Price (P) Age (A) Size(S) 190 20 2 320 5 3 50 40 1 (a) write system of …
  8. Math 209

    Predicting Home Prices Selling prices of homes can depend on several factors such as size and age. The accompanying table shows the selling price for three homes. In this table, price P is given in thousands of dollars, age A in years, …
  9. math

    Below are the median prices of homes sold in 2009, by region of the country. South 158,300 Northeast 248,800 Midwest 139,500 West 243,200 U.S. 180,100 The median selling price of a home in the South was approximately what fraction …
  10. Algebra

    The selling prices of houses in a city during one year were normally ditributed with a mean of $259,000 and a standard deviation of $15,000. Which of the following is closest to the percentage of the homes that had a selling Price …

More Similar Questions