A Quadratic Model for the Median Price of a Condo

question 53

Multiple Choice

A quadratic model for the median price of a condo is given by . The variable x is the years since 2000. Use the model to predict the median price of a condo in 2005.

• A) $300000
• B) $195075
• C) $305500

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Definitions:

Exponent

A mathematical notation indicating the number of times a number is multiplied by itself.

Polynomials

An algebraic expression composed of variables and coefficients, structured as the sum of terms, where each term includes a variable raised to a non-negative integer power.

Vertical Format

A way of presenting information or data in columns that run up and down on a page or screen.

Special Product Pattern

Patterns that emerge from multiplying polynomials in certain ways, making multiplication easier.