lexikay2004 lexikay2004

15-10-2019
Mathematics

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The scatter plot drawn at left compares the price of commercial real estate (in thousands of dollars) to how far the property is from the city center in Wilmington, North Carolina. The line of best fit shown has a y‑intercept of 965965965. What does this y‑intercept tell us about commercial real estate in Wilmington, North Carolina?

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krinklecutter krinklecutter

15-10-2019

Answer:

A property that is 0 blocks from the city center can be expected to cost approximately $965,000.

The line is of best fit, so the y-intercept would not show EXACTLY the cost, just APPROXIMATELY how much it would cost.

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