Solve the Problem Suppose That Wages Are Directly Related to Housing Values

question 114

Multiple Choice

Solve the problem.
-Part of the Housing Price Index for 1999 is given below: $$\begin{array} { l | c | c | c | c } \text { City } & \text { Palo Alto, CA } & \text { Sioux City, IA } & \text { Boston, MA } & \text { Spokane, WA } \\\hline \text { Index } & 365 & 47 & 182 & 78\end{array}$$ Suppose that wages are directly related to housing values. If the hourly wage for a job is $14.81 per hour in Spokane,
What would the job pay in Sioux City?

• A)$24.58
• B)$8.92
• C)$5.89
• D)$9.77

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