and Vermont (adjusted for inflation) are shown below. Year Indiana Vermont 1950 37700 38000 2000 94300 111500 If we assume that the house values are changing linearly, In which state have home values increased at a higher rate? If these trends were to continue, what would be the median home value in Indiana in 2010? $ _______
and Vermont (adjusted for inflation) are shown below. Year Indiana Vermont 1950 37700 38000 2000 94300 111500 If we assume that the house values are changing linearly, In which state have home values increased at a higher rate? If these trends were to continue, what would be the median home value in Indiana in 2010? $ _______
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
Problem 13PPS
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Question
The median home value in Indiana and Vermont (adjusted for inflation) are shown below.
Year | Indiana | Vermont |
---|---|---|
1950 | 37700 | 38000 |
2000 | 94300 | 111500 |
If we assume that the house values are changing linearly,
In which state have home values increased at a higher rate?
If these trends were to continue, what would be the median home value in Indiana in 2010?
$ _______
If we assume the linear trend existed before 1950 and continues after 2000, the two states' median house values will be (or were) equal in what year? (The answer might be absurd)
The year____________
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