nnecticut 7190C 16690C

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
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The median home value in lowa and Connecticut (adjusted for inflation) are shown below.
Year
lowa
Connecticut
1950
38300
71900
2000
82500
166900
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 lowa 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
%i4
Transcribed Image Text:The median home value in lowa and Connecticut (adjusted for inflation) are shown below. Year lowa Connecticut 1950 38300 71900 2000 82500 166900 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 lowa 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 %i4
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