The median home price in the United States over the period 2003-2011 can be approximated by P(t) = −5t2 + 75t − 30 thousand dollars (3 ≤ t ≤ 11), where t is time in years since the start of 2000.†
Find P'(t) and P'(7).
P'(t) =
P'(7) =
What does the answer tell you about home prices? HINT [See Example 2.]
The median price of a home was increasing at a rate of $ ___ per year in ____.