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Question 2 (Spoints) Chain Rule The following graph shows the approximate value of home prices and existing home sales as a percentage change from 2003,
Question 2 (Spoints) Chain Rule The following graph shows the approximate value of home prices and existing home sales as a percentage change from 2003, together with quadratic approximations, such that: Home prices and sales of existing homes :3 0 Prices- 20 10 0 - 10 - 30 -* 30 2006 20 I0 Home prices: P(t)=t210r+4l 0$IS4 Existing Home sales: S (I) = 1.5!2 1 1t 0 S r S 4 Where t is time in years since the start of 2006. . d8 (1 Determine . 6 aims ) dP 3:2 ( P ) b) Interpret contextually your ndings in question a) above. (2 points)
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