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The median home value in Indiana and Georgia (adjusted for inflation) are shown below. Year Indiana Georgia 1950 37700 31700 2000 94300 111200 If we assume that the house values are changing linearly, a) In which state have home values increased at a higher rate? I said Georgia b) If these trends were to continue, what would be the median home value in Indiana in 2010? $ 98140 c) If we assume the linear trend existed before 1950 and continues after 2000, the two states' median house values will be (or were) equal in what year? (The answer might be absurd) The year ?
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