In 2012 the average cost of a house in San Francisco was $521,000. In 2016 the average cost of a house in San Francisco was $821,000. Create an exponential model for the value of a house in San Francisco as a function of time in years since 2012 and use your model to predict what the value of the average house in San Francisco will be in 2025. You can choose to create a model in the form f (t) = A,et or in the form f(t)= Ca'. Show all of your work. Round all values to 3 decimal places.

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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In 2012, the average cost of a house in San Francisco was $521,000. In 2016, the average cost of a house in San Francisco was $821,000. Create an exponential model for the value of a house in San Francisco as a function of time in years since 2012 and use your model to predict what the value of the average house in San Francisco will be in 2025.

You can choose to create a model in the form \( f(t) = A_0 e^{kt} \) or in the form \( f(t) = Ca^t \). Show all of your work. Round all values to 3 decimal places.
Transcribed Image Text:In 2012, the average cost of a house in San Francisco was $521,000. In 2016, the average cost of a house in San Francisco was $821,000. Create an exponential model for the value of a house in San Francisco as a function of time in years since 2012 and use your model to predict what the value of the average house in San Francisco will be in 2025. You can choose to create a model in the form \( f(t) = A_0 e^{kt} \) or in the form \( f(t) = Ca^t \). Show all of your work. Round all values to 3 decimal places.
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