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What was the approximate lowest average annual price

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Reference no: EM131563921

Question: AVERAGE PRICES OF HOMES The average annual price of single-family homes in Massachusetts between 1990 and 2002 is approximated by the function

P(t) = -0.183t3 + 4.65t2 - 17.3 + 200                 (0 ≤ t ≤ 12)

Where P(t) is measured in thousands of dollars and t is measured in years, with t = 0 corresponding to 1990. In what year was the average annual price of single-family homes in Massachusetts lowest? What was the approximate lowest average annual price?

Reference no: EM131563921

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