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Question

A real estate office handles an apartment complex with 50 units. When the rent is $380 per month, all 50 units are occupied. When the rent is$425, however, the average number of occupied units drops to 47. Assume that the relationship between the monthly rent p and the demand x is linear. (The term demand refers to the number of occupied units.)

Linear Extrapolation Predict the number of occupied units when the rent is set at $455.

Solution

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Answered 1 year ago
Answered 1 year ago
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To predict the number of occupied units when the rent is set at $455\$455, all we need to do is substitute pp in the equation:

x=115455+2263=45\begin{aligned} x&=-\frac1{15}\cdot455+\frac{226}3 \\ &=45 \end{aligned}

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