Answer the questions for the following sales. Sale #1 Sale Price $131,920 100 Acres cropland Acres pasture Acres woodland Acres minerals 60 Sale #2 Sale Price $78,910 Acres cropland Acres pasture Acres woodland Acres minerals 130 65 $112,520 75 Sale #3 Sale Price Acres cropland

Advanced Engineering Mathematics
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ISBN:9780470458365
Author:Erwin Kreyszig
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Chapter2: Second-order Linear Odes
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3.
Answer the questions for the following sales.
Sale #1 Sale Price
$131,920
Acres cropland
Acres pasture
Acres woodland
Acres minerals
100
60
Sale #2 Sale Price
$78,910
Acres cropland
Acres pasture
Acres woodland
130
Acres minerals
65
Sale #3 Sale Price
$112,520
Acres cropland
Acres pasture
Acres woodland
Acres minerals
75
60
25
Sale #4 Sale Price
$6,000
Acres cropland
Acres pasture
Acres woodland
Acres minerals
120
What is the indicated per acre value of minerals?
What are the indicated cropland, pasture, and woodland values?
What are the values of the lower valued land types as percentages of the highest
valued type of land?
Transcribed Image Text:3. Answer the questions for the following sales. Sale #1 Sale Price $131,920 Acres cropland Acres pasture Acres woodland Acres minerals 100 60 Sale #2 Sale Price $78,910 Acres cropland Acres pasture Acres woodland 130 Acres minerals 65 Sale #3 Sale Price $112,520 Acres cropland Acres pasture Acres woodland Acres minerals 75 60 25 Sale #4 Sale Price $6,000 Acres cropland Acres pasture Acres woodland Acres minerals 120 What is the indicated per acre value of minerals? What are the indicated cropland, pasture, and woodland values? What are the values of the lower valued land types as percentages of the highest valued type of land?
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