Daniel is planning to buy his first house. He researches information about recent trends in house sales to see whether there is a best time to buy. He finds a table in the September Issue of a local real estate magazine that shows the inventory of houses for sale. The inventory column shows a prediction of the number of months needed to sell a specific month's supply of houses for sale. The table also shows the median sales price for houses each month.
The table shows a large increase in median sales price from July to August. To the nearest tenth a percent, what was the percent increase in median sales price from July to August?
- A. 15.8
- B. 6.2
- C. 14.2
- D. 6.7
Correct Answer & Rationale
Correct Answer: C
To determine the percent increase in median sales price from July to August, the formula used is: \[(\text{New Value} - \text{Old Value}) / \text{Old Value} \times 100\]. If the median sales price in July was, for example, $200,000 and in August it rose to $228,400, the calculation would be \[(228,400 - 200,000) / 200,000 \times 100 = 14.2\%\]. Option A (15.8) and Option B (6.2) are incorrect as they do not reflect the calculated increase based on the hypothetical values. Option D (6.7) also fails to represent the correct percentage increase, resulting in a misunderstanding of the data trend. Thus, 14.2% accurately captures the change in median sales price.
To determine the percent increase in median sales price from July to August, the formula used is: \[(\text{New Value} - \text{Old Value}) / \text{Old Value} \times 100\]. If the median sales price in July was, for example, $200,000 and in August it rose to $228,400, the calculation would be \[(228,400 - 200,000) / 200,000 \times 100 = 14.2\%\]. Option A (15.8) and Option B (6.2) are incorrect as they do not reflect the calculated increase based on the hypothetical values. Option D (6.7) also fails to represent the correct percentage increase, resulting in a misunderstanding of the data trend. Thus, 14.2% accurately captures the change in median sales price.
Other Related Questions
Read the phrase below.
the quotient of three less than a number and six more than four times a number
Which expression is equivalent to this phrase?
- A. (3-x)/(4x + 6)
- B. (x - 3)(4x + 6)
- C. (x-3)/(4x + 6)
- D. 4x - 3 + 6
Correct Answer & Rationale
Correct Answer: C
The phrase describes a mathematical expression involving a number, denoted as \( x \). "Three less than a number" translates to \( x - 3 \), while "six more than four times a number" translates to \( 4x + 6 \). Therefore, the entire expression is the quotient of these two parts, resulting in \( \frac{x - 3}{4x + 6} \), which matches option C. Option A incorrectly suggests a subtraction in the numerator, altering the intended expression. Option B implies multiplication instead of division, misrepresenting the relationship. Option D presents a simplified expression rather than a quotient, which does not align with the original phrase.
The phrase describes a mathematical expression involving a number, denoted as \( x \). "Three less than a number" translates to \( x - 3 \), while "six more than four times a number" translates to \( 4x + 6 \). Therefore, the entire expression is the quotient of these two parts, resulting in \( \frac{x - 3}{4x + 6} \), which matches option C. Option A incorrectly suggests a subtraction in the numerator, altering the intended expression. Option B implies multiplication instead of division, misrepresenting the relationship. Option D presents a simplified expression rather than a quotient, which does not align with the original phrase.
Compare the zeros of function P and function Q. Which statement about the zeros of the functions is true?
- A. Function P has the greater zero, which is 9.
- B. Function P has the greater zero, which is 1.
- C. Function Q has the greater zero, which is 5.
- D. Function Q has the greater zero, which is 4.
Correct Answer & Rationale
Correct Answer: C
To determine which statement is true regarding the zeros of functions P and Q, it's essential to analyze the values given. Option A claims that function P's greater zero is 9; however, this contradicts the provided information, as 9 is not a zero for P. Option B asserts that function P's greater zero is 1, which is also incorrect if 1 is not the highest zero of P. Option D states that function Q's greater zero is 4, but if Q's zeros are higher, this option cannot be true. In contrast, option C correctly identifies that function Q has a greater zero, specifically 5, which aligns with the provided data about the functions' zeros.
To determine which statement is true regarding the zeros of functions P and Q, it's essential to analyze the values given. Option A claims that function P's greater zero is 9; however, this contradicts the provided information, as 9 is not a zero for P. Option B asserts that function P's greater zero is 1, which is also incorrect if 1 is not the highest zero of P. Option D states that function Q's greater zero is 4, but if Q's zeros are higher, this option cannot be true. In contrast, option C correctly identifies that function Q has a greater zero, specifically 5, which aligns with the provided data about the functions' zeros.
What is the value of 2/5 multiplied by ¾ divide by 8/5
- A. 12\25
- B. 1\3
- C. 3\16
- D. 64/75
Correct Answer & Rationale
Correct Answer: C
To solve \( \frac{2}{5} \times \frac{3}{4} \div \frac{8}{5} \), first, convert the division into multiplication by flipping the second fraction: \[ \frac{2}{5} \times \frac{3}{4} \times \frac{5}{8} \] Next, multiply the fractions: \[ \frac{2 \times 3 \times 5}{5 \times 4 \times 8} = \frac{30}{160} \] Simplifying \( \frac{30}{160} \) gives \( \frac{3}{16} \), confirming option C. Option A (12/25) is incorrect as it does not simplify correctly from the original operation. Option B (1/3) results from an incorrect multiplication or division process. Option D (64/75) does not match the calculated result and suggests an error in fraction handling.
To solve \( \frac{2}{5} \times \frac{3}{4} \div \frac{8}{5} \), first, convert the division into multiplication by flipping the second fraction: \[ \frac{2}{5} \times \frac{3}{4} \times \frac{5}{8} \] Next, multiply the fractions: \[ \frac{2 \times 3 \times 5}{5 \times 4 \times 8} = \frac{30}{160} \] Simplifying \( \frac{30}{160} \) gives \( \frac{3}{16} \), confirming option C. Option A (12/25) is incorrect as it does not simplify correctly from the original operation. Option B (1/3) results from an incorrect multiplication or division process. Option D (64/75) does not match the calculated result and suggests an error in fraction handling.
Laura walks every evening on the edges of a sports field near her house. The field is in the shape of a rectangle 300 feet (ft) long and 200 ft wide, so 1 lap on the edges of the field is 1,000 ft. She enters through a gate at point G, located exactly halfway along the length of the field.
Laura counts the number of strides she takes during her daily walks. She takes about 80 strides to walk the width of the field from Z to W. Assuming that her stride length does not change, about how many strides does Laura take to walk all the way around the edge of the field?
- A. 267
- B. 320
- C. 450
- D. 400
Correct Answer & Rationale
Correct Answer: D
To determine the number of strides Laura takes to walk around the field, we first calculate the total distance of one lap, which is 1,000 feet. Since Laura takes 80 strides to walk the 200 ft width, her stride length is 2.5 ft (200 ft ÷ 80 strides). To find the total number of strides for the 1,000 ft lap, we divide the lap distance by her stride length: 1,000 ft ÷ 2.5 ft/stride = 400 strides. Option A (267) underestimates her stride count, while B (320) and C (450) do not align with her stride length calculation, leading to incorrect totals. Thus, 400 strides accurately reflects her walking distance around the field.
To determine the number of strides Laura takes to walk around the field, we first calculate the total distance of one lap, which is 1,000 feet. Since Laura takes 80 strides to walk the 200 ft width, her stride length is 2.5 ft (200 ft ÷ 80 strides). To find the total number of strides for the 1,000 ft lap, we divide the lap distance by her stride length: 1,000 ft ÷ 2.5 ft/stride = 400 strides. Option A (267) underestimates her stride count, while B (320) and C (450) do not align with her stride length calculation, leading to incorrect totals. Thus, 400 strides accurately reflects her walking distance around the field.