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

Question

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

Quizplus · Accepted Answer

To find the median price of a condo in 2005, we need to substitute x = 5 in the quadratic model:
median price = 11ec19db_852d_66b5_9dbe_ad3f9a9d0a6f_TBX8673_11 
median price = $305500 (rounded to the nearest dollar)
Therefore, the best choice is C.

A Quadratic Model for the Median Price of a Condo