Median Home Prices. The median price for an existing home in the United States peaked at $221,900
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$221,900 in 2006 (National Association of REALTORS®). The quartic function
h(x) = 56.8328x4 - 1554.7494x3
+ 10,451.8211x2 - 5655.7692x
+ 140,589.1608,
Where x is the number of years since 2000, can be used to estimate the median existing-home price from 2000 to 2009. Estimate the median existing-home price in 2002, in 2005, in 2008, and in 2009.
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Related Book For
College Algebra Graphs and Models
ISBN: 978-0321845405
5th edition
Authors: Marvin L. Bittinger, Judith A. Beecher, David J. Ellenbogen, Judith A. Penna
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