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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
VerifiedAnswered 1 year ago
Answered 1 year ago
Step 1
1 of 2To predict the number of occupied units when the rent is set at , all we need to do is substitute in the equation:
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