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
How many more tickets did Larry buy than Jim?
- A. 3
- B. 12
- C. 6
- D. 1
Correct Answer & Rationale
Correct Answer: C
To determine how many more tickets Larry bought than Jim, we need to compare their ticket purchases. If Larry bought 9 tickets and Jim bought 3, the difference is 9 - 3 = 6. Option A (3) is incorrect because it underestimates the difference. Option B (12) is too high, suggesting Larry bought significantly more than he actually did. Option D (1) also miscalculates the difference, indicating a minimal discrepancy. Thus, the accurate difference of 6 aligns with option C, reflecting the true number of tickets Larry purchased over Jim.
To determine how many more tickets Larry bought than Jim, we need to compare their ticket purchases. If Larry bought 9 tickets and Jim bought 3, the difference is 9 - 3 = 6. Option A (3) is incorrect because it underestimates the difference. Option B (12) is too high, suggesting Larry bought significantly more than he actually did. Option D (1) also miscalculates the difference, indicating a minimal discrepancy. Thus, the accurate difference of 6 aligns with option C, reflecting the true number of tickets Larry purchased over Jim.
The world's highest suspension bridge spans the Arkansas River at a height of 1,053 feet above the water. If a ball is dropped from the bridge. The height of the ball, In feet, after t seconds can be modeled by the equation f(t)= -16(t)^2 + 1053. How many feet above the water is the ball 7 seconds after being dropped?
Correct Answer & Rationale
Correct Answer: A
To determine the height of the ball 7 seconds after being dropped, substitute \( t = 7 \) into the equation \( f(t) = -16(t)^2 + 1053 \). Calculating this gives \( f(7) = -16(7)^2 + 1053 = -16(49) + 1053 = -784 + 1053 = 269 \) feet. Option A provides this correct height of 269 feet. Other options are incorrect because they result from miscalculations or incorrect substitutions into the equation. For example, using an incorrect value for \( t \) or failing to properly apply the formula leads to heights that do not reflect the physics of the scenario.
To determine the height of the ball 7 seconds after being dropped, substitute \( t = 7 \) into the equation \( f(t) = -16(t)^2 + 1053 \). Calculating this gives \( f(7) = -16(7)^2 + 1053 = -16(49) + 1053 = -784 + 1053 = 269 \) feet. Option A provides this correct height of 269 feet. Other options are incorrect because they result from miscalculations or incorrect substitutions into the equation. For example, using an incorrect value for \( t \) or failing to properly apply the formula leads to heights that do not reflect the physics of the scenario.
Which graph shows a line described by 4x - 3y = 12?
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A.
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B.
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C.
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D.
Correct Answer & Rationale
Correct Answer: D
To determine which graph represents the line described by the equation 4x - 3y = 12, we can rearrange it into slope-intercept form (y = mx + b). This yields y = (4/3)x - 4. The slope (m) is 4/3, indicating the line rises 4 units for every 3 units it runs to the right, and the y-intercept (b) is -4, meaning the line crosses the y-axis at (0, -4). Option D correctly displays a line with a positive slope and a y-intercept at -4. Options A, B, and C either have the wrong slope or intercept, indicating they do not accurately represent the given equation.
To determine which graph represents the line described by the equation 4x - 3y = 12, we can rearrange it into slope-intercept form (y = mx + b). This yields y = (4/3)x - 4. The slope (m) is 4/3, indicating the line rises 4 units for every 3 units it runs to the right, and the y-intercept (b) is -4, meaning the line crosses the y-axis at (0, -4). Option D correctly displays a line with a positive slope and a y-intercept at -4. Options A, B, and C either have the wrong slope or intercept, indicating they do not accurately represent the given equation.
On a number line, what is the distance, in units, between 16 and -25
Correct Answer & Rationale
Correct Answer: 41 units
To find the distance between two points on a number line, subtract the smaller number from the larger number. Here, the calculation is |16 - (-25)|, which simplifies to |16 + 25| = |41|. This results in a distance of 41 units. Other options may suggest incorrect calculations. For instance, an answer like 9 units might arise from simply adding the two numbers without considering their positions on the number line, leading to an inaccurate interpretation of distance. Similarly, options like 25 or 16 units misrepresent the actual distance by not accounting for both numbers' magnitudes relative to zero.
To find the distance between two points on a number line, subtract the smaller number from the larger number. Here, the calculation is |16 - (-25)|, which simplifies to |16 + 25| = |41|. This results in a distance of 41 units. Other options may suggest incorrect calculations. For instance, an answer like 9 units might arise from simply adding the two numbers without considering their positions on the number line, leading to an inaccurate interpretation of distance. Similarly, options like 25 or 16 units misrepresent the actual distance by not accounting for both numbers' magnitudes relative to zero.