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The median home price in the United States over the period January 2010-January 2015 can be approximated by P ( t ) = 4.5 t
The median home price in the United States over the period January 2010-January 2015 can be approximated by
P(t) = 4.5t215t+ 180 thousand dollars (0t5),
wheretis time in years since the start of 2010.FindP'(t) andP'(2).
P'(t)=
6
P'(2)=
3
thousand dollars per year
What does the second answer tell you about home prices? HINT [See Example 2.]
The median price of a home was increasing at a rate of $ per year in .
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