Answer: That the average price of a 1-bedroom apartment in New York in the year 2000 was around $800.
Step-by-step explanation:
In this case, x represents the number of years after the year 2000.
Then we can think that x = 0, represents the year 2000 itself.
Now, remember that the y-intercept is the value of y when we have x = 0.
Then the y-intercept gives information about the average price of a 1-bedroom apartment in the year 2000.
The information that we can conclude with this is that the average price of a 1-bedroom apartment in New York in the year 2000 was around $800.
