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Sagot :
The vertex of the housing market function is its maximum value
The vertex of the function is (7.1, 128723.25) and it means that the overall value of a home is at the highest in 2027 at a price of #128723.25
How to determine the vertex?
The function is given as:
v(x) = 325x^2 - 4600x + 145000
Differentiate
v'(x) = 2*325x - 4600
Set to 0
2*325x - 4600 = 0
Collect like terms
2*325x = 4600
Solve for x
x = 7.1
Substitute 7.1 in V(x)
v(7.1) = 325*7.1^2 - 4600*7.1 + 145000
v(7.1) = 128723.25
Hence, the vertex of the function is (7.1, 128723.25) and it means that the overall value of a home is at the highest in 2027 at a price of #128723.25
Read more about vertex at:
https://brainly.com/question/15914313
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