The correct answer would be option B, A percent of its assessed value.
The market value of a property is A percent of its assessed value.
Explanation:
Market value is basically an estimate, an opinion, about the percentage price of the fair value of the property or anything.
When estimates and opinions are made about the selling price of the property in the competitive market, actually the Market value of that property is assessed. The market value of the property is assessed on the following criteria:
- benefits and features of the property
- overall situation of the real estate market
- supply and demand of the properties
- value of the similar properties in the current situation
On the basis of the above criteria, the market value of the property is assessed.
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Solution. To check whether the vectors are linearly independent, we must answer the following question: if a linear combination of the vectors is the zero vector, is it necessarily true that all the coefficients are zeros?
Suppose that
x 1 ⃗v 1 + x 2 ⃗v 2 + x 3 ( ⃗v 1 + ⃗v 2 + ⃗v 3 ) = ⃗0
(a linear combination of the vectors is the zero vector). Is it necessarily true that x1 =x2 =x3 =0?
We have
x1⃗v1 + x2⃗v2 + x3(⃗v1 + ⃗v2 + ⃗v3) = x1⃗v1 + x2⃗v2 + x3⃗v1 + x3⃗v2 + x3⃗v3
=(x1 + x3)⃗v1 + (x2 + x3)⃗v2 + x3⃗v3 = ⃗0.
Since ⃗v1, ⃗v2, and ⃗v3 are linearly independent, we must have the coeffi-
cients of the linear combination equal to 0, that is, we must have
x1 + x3 = 0 x2 + x3 = 0 ,
x3 = 0
from which it follows that we must have x1 = x2 = x3 = 0. Hence the
vectors ⃗v1, ⃗v2, and ⃗v1 + ⃗v2 + ⃗v3 are linearly independent.
Answer. The vectors ⃗v1, ⃗v2, and ⃗v1 + ⃗v2 + ⃗v3 are linearly independent.
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