The median home value in Louisiana and North Carolina (adjusted for inflation) are shown below: Year 1950 2000 Louisiana North Carolina 29700 108300 31100 85000 If we assume that the house values are changing linearly, a) In which state have home values increased at a higher rate? North Carolina b) If these trends were to continue, what would be the median home value in Louisiana in 2010? $ 95780 OF 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 1951 X
The median home value in Louisiana and North Carolina (adjusted for inflation) are shown below: Year 1950 2000 Louisiana North Carolina 29700 108300 31100 85000 If we assume that the house values are changing linearly, a) In which state have home values increased at a higher rate? North Carolina b) If these trends were to continue, what would be the median home value in Louisiana in 2010? $ 95780 OF 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 1951 X
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:The median home value in Louisiana and North Carolina (adjusted for inflation) are shown below:
Year
1950
2000
Louisiana North Carolina
29700
108300
31100
85000
If we assume that the house values are changing linearly,
a) In which state have home values increased at a higher rate? |North Carolina
b) If these trends were to continue, what would be the median home value in Louisiana in 2010?
$ 95780
OF
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 1951
X
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