Question
According to Zillow.com, the average home in the Columbus Metro area is about $162,000 as of June 2017. Suppose we could actually know the exact
According to Zillow.com, the average home in the Columbus Metro area is about $162,000 as of June 2017. Suppose we could actually know the exact or true value for how many Columbus homes could be bought, and how many people could be housed using $1 trillion. Which value is likely a closer/better estimate for the true value? The rough estimations from parts (a): 6,000,000 homes and 14,820,000 persons, or the calculated estimates from parts (f): 6,172,839.506 homes and (g) 15,246,913.58 persons? Explain why you think those values would be a better estimate.
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