A realtor estimates the median price of an existing single family home in Cedar Ridge is $221,900. Two years ago, the median price was $195,200. Find the average annual rate of change in median home price in these year​

Respuesta :

Answer:

$13,350

Step-by-step explanation:

221900-195200=26700

Divide your answer by the 2 years its changed and you get the rate of change annually.

The average annual rate of change is $13,350

What is the average price?

The average selling charge is the fee for services or products in various markets and is generally used within the retail and generation industries. The installed ASP for a selected precise can act as a benchmark charge, supporting different producers, producers, or retailers set the fees for their own products.

A marketplace common is a manner to get a listed degree of the common rate stages in a marketplace. A marketplace common is computed by way of adding up the costs in an index and dividing it by using the number of asset units.

calculation:-

221900-195200=26700

Two years ago

 average price = 26700/2

                         = $13,350

Learn more about the average price here:-https://brainly.com/question/8728504

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