The relationship between interest rates as a percent (X) and housing starts (Y) is given by the linear equation Y' = 4094 - 269X. What will be the number of housing starts if the interest rate is 8.25%?
A) 1875
B) 1785
C) 4094
D) 3825

Question

Quizplus · Accepted Answer

To find the number of housing starts when the interest rate is 8.25%, substitute X = 8.25 into the equation Y' = 4094 - 269X. This gives Y' = 4094 - 269(8.25) = 4094 - 2221.25 = 1872.75, which rounds to 1875.

The Relationship Between Interest Rates as a Percent (X) and Housing