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If these trends were to continue, what would be the median home value in Mississippi in 2010?
$80,640
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.)
For the following exercises, use the median home values in Indiana and Alabama (adjusted for inflation) shown in [link] . Assume that the house values are changing linearly.
| Year | Indiana | Alabama |
|---|---|---|
| 1950 | $37,700 | $27,100 |
| 2000 | $94,300 | $85,100 |
In which state have home values increased at a higher rate?
Alabama
If these trends were to continue, what would be the median home value in Indiana in 2010?
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.)
2328
In 2004, a school population was 1001. By 2008 the population had grown to 1697. Assume the population is changing linearly.
In 2003, a town’s population was 1431. By 2007 the population had grown to 2134. Assume the population is changing linearly.
So, using we have
So, or roughly 904 people in year 2000
corresponds to
So, a population of 3364.
A phone company has a monthly cellular plan where a customer pays a flat monthly fee and then a certain amount of money per minute used on the phone. If a customer uses 410 minutes, the monthly cost will be $71.50. If the customer uses 720 minutes, the monthly cost will be $118.
A phone company has a monthly cellular data plan where a customer pays a flat monthly fee of $10 and then a certain amount of money per megabyte (MB) of data used on the phone. If a customer uses 20 MB, the monthly cost will be $11.20. If the customer uses 130 MB, the monthly cost will be $17.80.
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