The median home value in Oklahoma and South Dakota (adjusted for inflation) are shown below. Year Oklahoma| South Dakota 1950 31700 32800 2000 70700 79600 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 Oklahoma 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

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.2: Representing Data
Problem 24PFA
icon
Related questions
Question
The median home value in Oklahoma and South Dakota
(adjusted for inflation) are shown below.
Year
Oklahoma | South Dakota
1950
31700
32800
2000
70700
79600
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 Oklahoma 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
Transcribed Image Text:The median home value in Oklahoma and South Dakota (adjusted for inflation) are shown below. Year Oklahoma | South Dakota 1950 31700 32800 2000 70700 79600 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 Oklahoma 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
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 3 images

Blurred answer
Knowledge Booster
Survival Analysis and Life Tables
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, calculus and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL