Massa usetts 45400 55400 115600 185700 ne that the house values are changing linearly, state have home values increased at a higher rate? Select an answer rends were to continue, what would be the median home value in M ume the linear trend existed before 1950 and continues after 2000, t s will be (or were) equal in what year? (The answer might be absurd

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter3: Polynomial Functions
Section3.5: Mathematical Modeling And Variation
Problem 1ECP: The ordered pairs below give the median sales prices y (in thousands of dollars) of new homes sold...
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The median home value in Michigan and Massachusetts (adjusted for inflation) are shown below.
Year
Michigan
Massachusetts
1950
45400
55400
2000
115600
185700
If we assume that the house values are changing linearly,
a) In which state have home values increased at a higher rate? Select an answer
b) If these trends were to continue, what would be the median home value in Michigan in 2010?
2$
c) 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
Transcribed Image Text:The median home value in Michigan and Massachusetts (adjusted for inflation) are shown below. Year Michigan Massachusetts 1950 45400 55400 2000 115600 185700 If we assume that the house values are changing linearly, a) In which state have home values increased at a higher rate? Select an answer b) If these trends were to continue, what would be the median home value in Michigan in 2010? 2$ c) 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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