?U.S. Census data shows that the median price of new home in the United States in

Chapter 3, Problem 3.22

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U.S. Census data shows that the median price of new home in the United States in November 2014 was $280,900. This was $10,700 more than 14 times the price in November 1964. What was the median price of a new home in November 1964?

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