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.)

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter7: Integration
Section7.3: Area And The Definite Integral
Problem 41E: Running In 1987, Canadian Ben Johnson set a world record in the 100-m sprint.The record was later...
icon
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.)
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
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 3 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Calculus For The Life Sciences
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
Elementary Algebra
Elementary Algebra
Algebra
ISBN:
9780998625713
Author:
Lynn Marecek, MaryAnne Anthony-Smith
Publisher:
OpenStax - Rice University
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt