The accompanying table shows a portion of the median sales price of new houses sold in the United States along with the corresponding consumer price index (CPI). Year Price CPI 2010 220,100 218.06 224.94 2011 226,300 1 2019 318,600 255.66 Click here for the Excel Data File a. Use the CPI to compute real sales price of new houses. Which year(s) did real the sales price decline from the previous year? (You may select any number of years.) Year Price Decline? 2011 2012 2013 2014 2015 2016 2017 2018 2019 b. Compute the percentage increase in the sales price of new houses from 2010 to 2019. (Round your answer to 2 decimal places.) Percentage change in nominal values % c. Compute the percentage increase in the real sales price of new houses from 2010 to 2019. (Round your answer to 2 decimal places.) Percentage change in real values %

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Related questions
Question
A
1
Year
2 2010
3 2011
4
2012
5 2013
6 2014
7 2015
8 2016
9 2017
10 2018
11 2019
12
17
B
Price
220100
226300
242700
261900
283100
303300
310100
326100
335200
318600
с
CPI
218.06
224.94
229.59
232.96
236.74
237.02
240.01
245.12
251.11
255.66
D
Transcribed Image Text:A 1 Year 2 2010 3 2011 4 2012 5 2013 6 2014 7 2015 8 2016 9 2017 10 2018 11 2019 12 17 B Price 220100 226300 242700 261900 283100 303300 310100 326100 335200 318600 с CPI 218.06 224.94 229.59 232.96 236.74 237.02 240.01 245.12 251.11 255.66 D
The accompanying table shows a portion of the median sales price of new houses sold in the United States along with the
corresponding consumer price index (CPI).
Year
Price
CPI
220,108 218.86
2010
2011
226,308
224.94
E
E
2819
318,600
255.66
Click here for the Excel Data File
a. Use the CPI to compute real sales price of new houses. Which year(s) did real the sales price decline from the previous year? (You
may select any number of years.)
Year
Price Decline?
2011
2012
2013
2014
2015
2016
2017
2018
2019
b. Compute the percentage increase in the sales price of new houses from 2010 to 2019. (Round your answer to 2 decimal places.)
Percentage change in nominal values
%
c. Compute the percentage increase in the real sales price of new houses from 2010 to 2019. (Round your answer to 2 decimal
places.)
Percentage change in real values
%
Transcribed Image Text:The accompanying table shows a portion of the median sales price of new houses sold in the United States along with the corresponding consumer price index (CPI). Year Price CPI 220,108 218.86 2010 2011 226,308 224.94 E E 2819 318,600 255.66 Click here for the Excel Data File a. Use the CPI to compute real sales price of new houses. Which year(s) did real the sales price decline from the previous year? (You may select any number of years.) Year Price Decline? 2011 2012 2013 2014 2015 2016 2017 2018 2019 b. Compute the percentage increase in the sales price of new houses from 2010 to 2019. (Round your answer to 2 decimal places.) Percentage change in nominal values % c. Compute the percentage increase in the real sales price of new houses from 2010 to 2019. (Round your answer to 2 decimal places.) Percentage change in real values %
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