The median home value in Vermont and New York (adjusted for inflation) are shown below:   Year: 1950 Vermont (38000) and 1950 New York: 615000 Year :2000 Vermont (111500) and 2000 New York: 148700 If we assume that the house values are changing linearly, a) In which state have home values increased at a higher rate?      Select an answer the rates are equal Vermont New York Correct b) If these trends were to continue, what would be the median home value in Vermont 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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The median home value in Vermont and New York (adjusted for inflation) are shown below:

 

Year: 1950 Vermont (38000) and 1950 New York: 615000

Year :2000 Vermont (111500) and 2000 New York: 148700
If we assume that the house values are changing linearly,

a) In which state have home values increased at a higher rate?      Select an answer the rates are equal Vermont New York Correct

b) If these trends were to continue, what would be the median home value in Vermont 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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