2. Now we will look at this situation from a linear perspective. We looked at linear depreciation earlier
this semester; this will build on that. This model will have the form y = mx + b where r is years since
2002 and y is the value of the home in thousands of dollars.
(a) What is the slope of the line? What does that number mean?
(b) What is the equation for the line?
(c) Predict the value of the home in 2020. How does that compare to the value predicted using the
exponential model above?