Assume that in January 2017, the average house price in a particular area was $294,500. In January 2001, the average price was $201,300. What was the annual increase in selling price?

Essentials of Business Analytics (MindTap Course List)
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ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
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Chapter7: Linear Regression
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Problem 18P: In 2011, home prices and mortgage rates fell so far that in a number of cities the monthly cost of...
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Assume that in January 2017, the average house price in a particular area was $294,500. In January 2001, the average price was $201,300.

What was the annual increase in selling price?

  

 

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