The median home value in lowa and Massachusetts (adjusted for inflation) are shown below. Year lowa Massachusetts 1950 38300 2000 82500 55400 185700 If we assume that the house values are changing linearly, a) In which state have home values increased at a higher rate? [Massachusetts 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' media house values will be (or were) equal in what year? (The answer might be absurd) The year
The median home value in lowa and Massachusetts (adjusted for inflation) are shown below. Year lowa Massachusetts 1950 38300 2000 82500 55400 185700 If we assume that the house values are changing linearly, a) In which state have home values increased at a higher rate? [Massachusetts 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' media house values will be (or were) equal in what year? (The answer might be absurd) The year
Chapter4: Linear Functions
Section4.3: Fitting Linear Models To Data
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Transcribed Image Text:The median home value in lowa and Massachusetts (adjusted for inflation) are shown below.
Year lowa Massachusetts
1950 38300
2000
82500
55400
185700
If we assume that the house values are changing linearly,
a) In which state have home values increased at a higher rate? [Massachusetts
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
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