The following graph shows a rough approximation of historical and projected median home prices for a country for the period 2000-2024. (Fill in blanks) The following graph shows a rough approximation of historical and projected median home prices for a country for the period 2000-2024.3503002001501005069 1219 21 24 OHere, t is time in years since the start of 2000, and C(e) ls the median home price in thousands of dollars. The locations of stationary points and points of inflection are indicated on the graph. Analyze the graph's important features, and interpret each feature in terms of the medlan home price.The median home price was $90x thousand at the start of 2000 (t = 0).The median home price has two low points; first in the year 2000v and again in the year 2012v when it stood at s 90x thousand; the median home price peaked at the start of the year 2024x at $ 180x thousand.The median home price was decreasing most rapidly at the start of the year 2006x when it was $ 135x thousand, and increasing most rapidly at the start of the year 2012x when it was s 90X thousand.Assuming that the trend shown in the graph continued indefinitely, the median home price would approach a value of $90X thousand in the long term.

Answered: The following graph shows a rough…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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The following graph shows a rough approximation of historical and projected median home prices for a country for the period 2000-2024. (Fill in blanks)

The following graph shows a rough approximation of historical and projected median home prices for a country for the period 2000-2024.
350
300
200
150
100
50
6
9 12
19 21 24 O
Here, t is time in years since the start of 2000, and C(e) ls the median home price in thousands of dollars. The locations of stationary points and points of inflection are indicated on the graph. Analyze the graph's important features, and interpret each feature in terms of the medlan home price.
The median home price was $90
x thousand at the start of 2000 (t = 0).
The median home price has two low points; first in the year 2000
v and again in the year 2012
v when it stood at s 90
x thousand; the median home price peaked at the start of the year 2024
x at $ 180
x thousand.
The median home price was decreasing most rapidly at the start of the year 2006
x when it was $ 135
x thousand, and increasing most rapidly at the start of the year 2012
x when it was s 90
X thousand.
Assuming that the trend shown in the graph continued indefinitely, the median home price would approach a value of $90
X thousand in the long term.

Definition Definition Middle value of a data set. The median divides a data set into two halves, and it also called the 50th percentile. The median is much less affected by outliers and skewed data than the mean. If the number of elements in a dataset is odd, then the middlemost element of the data arranged in ascending or descending order is the median. If the number of elements in the dataset is even, the average of the two central elements of the arranged data is the median of the set. For example, if a dataset has five items—12, 13, 21, 27, 31—the median is the third item in ascending order, or 21. If a dataset has six items—12, 13, 21, 27, 31, 33—the median is the average of the third (21) and fourth (27) items. It is calculated as follows: (21 + 27) / 2 = 24.

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