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The median home value in Arkansas and Alabama (adjusted for inflation) are shown below. Year Arkansas Alabama 1950 24800 27100 2000 72800 85100 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 Arkansas in 2010? $4 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

The median home value in Arkansas and Alabama (adjusted for inflation) are shown below. Year Arkansas Alabama 1950 24800 27100 2000 72800 85100 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 Arkansas in 2010? $4 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

Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter4: Eigenvalues And Eigenvectors
Section4.6: Applications And The Perron-frobenius Theorem
Problem 22EQ
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The median home value in Arkansas and Alabama (adjusted for inflation) are shown below. Year Arkansas Alabama 1950 24800 27100 2000 72800 85100 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 Arkansas in 2010? 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 %24
Transcribed Image Text:The median home value in Arkansas and Alabama (adjusted for inflation) are shown below. Year Arkansas Alabama 1950 24800 27100 2000 72800 85100 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 Arkansas in 2010? 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 %24
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