MAKE A DECISION: MEDIAN SALES PRICES For the years 1998 through 2005, the median sales
Chapter 4, Problem 37(choose chapter or problem)
MAKE A DECISION: MEDIAN SALES PRICES For the years 1998 through 2005, the median sales prices (in dollars) of one-family homes in the United States are shown in the table. (Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development)A model for this data is given by where represents the year, with corresponding to 1998. (a) Compare the actual prices with those given by the model. Does the model fit the data? Explain your reasoning. (b) Use a graphing utility to graph the model. (c) Use the zoom and trace features of a graphing utility to predict during which year the median sales price of one-family homes will reach $300,000.
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