For the following exercises, use the median home values in Mississippi and Hawaii (adjusted for inflation) shown
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For the following exercises, use the median home values in Mississippi and Hawaii (adjusted for inflation) shown in Table 2. Assume that the house values are changing linearly.
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.)
Transcribed Image Text:
Year 1950 2000 Mississippi $25,200 $71,400 Table 2 Hawaii $74,400 $272,700
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