56) The table shows the median home prices in Florida. Florida Median Home Prices Year 1940 1950 1960 1970 1980 1990 2000 Median 23,100 40,100 58,100 57,600 89,300 98,500 105,500 Price ($) a) Build a model (linear, quadratic, or polynomial?). b) Write an explanation for the rate of change. c) When would you predict that the median home price would be $115,000?

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ISBN:9781305115545
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Chapter2: Functions
Section2.4: Average Rate Of Change Of A Function
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a) Build a model (linear, quadratic, or polynomial?). b) Write an explanation for the rate of change. c) When would you predict that the median home price would be $115,000?
56) The table shows the median home prices in Florida.
Florida Median Home Prices
Year
1940
1950
1960
1970
1980
1990
2000
Median
23,100
40,100
58,100
57,600
89,300
98,500
105,500
Price ($)
a) Build a model (linear, quadratic, or polynomial?).
b) Write an explanation for the rate of change.
c) When would you predict that the median home price would be $115,000?
Transcribed Image Text:56) The table shows the median home prices in Florida. Florida Median Home Prices Year 1940 1950 1960 1970 1980 1990 2000 Median 23,100 40,100 58,100 57,600 89,300 98,500 105,500 Price ($) a) Build a model (linear, quadratic, or polynomial?). b) Write an explanation for the rate of change. c) When would you predict that the median home price would be $115,000?
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