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Solve the Problem An Academic Computer Expert Is Leaving Boston to Work in 1999

Question 11

Multiple Choice

Solve the problem.
-Part of the Housing Price Index for 1999 is given below:  City  Palo Alto, CA  Sioux City, IA  Boston, MA  Spokane, WA  Index 3654718278\begin{array} { l | c | c | c | c } \text { City } & \text { Palo Alto, CA } & \text { Sioux City, IA } & \text { Boston, MA } & \text { Spokane, WA } \\\hline \text { Index } & 365 & 47 & 182 & 78\end{array} An academic computer expert is leaving Boston to work in the high tech area of Palo Alto. What should she expect to
Pay, to the nearest dollar, for a house comparable to her $310,000 Boston home?


A) $621,703
B) $492,000
C) $154,575
D) $675,000

Correct Answer:

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