The real estate term lake frontage refers to the distance along the edge of a piece of property that touches a lake.
a. Find the lake frontage ( to the nearest tenth) of each lot shown.
b. In general, the more lake frontage a lot has, the higher its selling price. Which lot(s) should be listed for the highest price?
c. Suppose that lot prices are in the same ratio as lake frontages. If the least expensive lot is $250,000 what are the prices of the other lots? Explain your reasoning.
