The following table shows a housing index that can be used to compare housing prices in different cities. Suppose you see a house valued at $260,000 in City G. Find the price of a comparable house in City D, City F, and City E. If you know the price of a particular home in your town, you can use the index to find the price of a comparable house in another town with the formula below. index (other town) index (your town) price (other town) = price (your town) X City Index City Index 328 City A 100 City F 107 City B 147 City G City C 175 City H City D 401 City J 167 City E 150 City K 151 98 A comparable house in City D would cost about $. (Round to the nearest dollar.)
The following table shows a housing index that can be used to compare housing prices in different cities. Suppose you see a house valued at $260,000 in City G. Find the price of a comparable house in City D, City F, and City E. If you know the price of a particular home in your town, you can use the index to find the price of a comparable house in another town with the formula below. index (other town) index (your town) price (other town) = price (your town) X City Index City Index 328 City A 100 City F 107 City B 147 City G City C 175 City H City D 401 City J 167 City E 150 City K 151 98 A comparable house in City D would cost about $. (Round to the nearest dollar.)
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question
14. answer question
![## Housing Price Comparison Using Index
The following table shows a housing index that can be used to compare housing prices in different cities. Suppose you see a house valued at $260,000 in City G. Find the price of a comparable house in City D, City F, and City E.
| City | Index | City | Index |
|------|-------|------|-------|
| City A | 100 | City F | 107 |
| City B | 147 | City G | 328 |
| City C | 175 | City H | 151 |
| City D | 401 | City J | 167 |
| City E | 150 | City K | 98 |
### Formula for Price Comparison
If you know the price of a particular home in your town, you can use the index to find the price of a comparable house in another town with the formula below.
\[ \text{price (other town)} = \text{price (your town)} \times \left( \frac{\text{index (other town)}}{\text{index (your town)}} \right) \]
A comparable house in City D would cost about \( \$ \boxed{} \).
(Round to the nearest dollar.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd357b89a-d63d-400d-a75c-5f74a0421e19%2Fbf183a74-a42f-499f-bc4d-6629b62d6415%2Fvhjyz5k_processed.png&w=3840&q=75)
Transcribed Image Text:## Housing Price Comparison Using Index
The following table shows a housing index that can be used to compare housing prices in different cities. Suppose you see a house valued at $260,000 in City G. Find the price of a comparable house in City D, City F, and City E.
| City | Index | City | Index |
|------|-------|------|-------|
| City A | 100 | City F | 107 |
| City B | 147 | City G | 328 |
| City C | 175 | City H | 151 |
| City D | 401 | City J | 167 |
| City E | 150 | City K | 98 |
### Formula for Price Comparison
If you know the price of a particular home in your town, you can use the index to find the price of a comparable house in another town with the formula below.
\[ \text{price (other town)} = \text{price (your town)} \times \left( \frac{\text{index (other town)}}{\text{index (your town)}} \right) \]
A comparable house in City D would cost about \( \$ \boxed{} \).
(Round to the nearest dollar.)
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 3 images
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
