If a house is valued at $375,000 in San Francisco, find the price of a comparable house
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If a house is valued at $375,000 in San Francisco, find the price of a comparable house in Las Vegas.
Housing Price Index. Realtors use an index to compare housing prices in major cities. The index numbers for several cities are given in the table below. In Exercises, use the following to find the price of a home in the given town.
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price (other town) price (given town) * index in given town index in other town City Index City Index Atlanta Las Vogas Los Angeles Miami 100 115 Boston 146 190 Chicago 105 161 Dallas 121 Phoenix 122 Denver 136 San Francisco 172
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Statistical Reasoning For Everyday Life
ISBN: 978-0134494043
5th Edition
Authors: Jeff Bennett, William Briggs, Mario Triola
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