The median home value in Nevada and Massachusetts (adjusted for inflation) are shown
below:
Year Nevada Massachusetts
1950
53700
2000 142000
55400
185700
If we assume that the house values are changing linearly,
a) In which state have home values increased at a higher rate? Massachusetts
b) If these trends were to continue, what would be the median home value in Nevada in 2010?
$ 159660
c) 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)
The year