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
Which graph represents a function?
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A.
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B.
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C.
Correct Answer & Rationale
Correct Answer: B
To determine which graph represents a function, we apply the Vertical Line Test. This test states that if a vertical line intersects the graph at more than one point, the graph does not represent a function. Option A fails this test, as a vertical line can intersect the graph at multiple points, indicating it is not a function. Option C also does not satisfy the criteria, showing multiple intersections with vertical lines. In contrast, Option B passes the Vertical Line Test, as any vertical line drawn will intersect the graph at only one point, confirming it represents a function.
To determine which graph represents a function, we apply the Vertical Line Test. This test states that if a vertical line intersects the graph at more than one point, the graph does not represent a function. Option A fails this test, as a vertical line can intersect the graph at multiple points, indicating it is not a function. Option C also does not satisfy the criteria, showing multiple intersections with vertical lines. In contrast, Option B passes the Vertical Line Test, as any vertical line drawn will intersect the graph at only one point, confirming it represents a function.
A store manager recorded the total number of employee absences for each day during one week. What is the mode of the number of employee absences for that week?
- A. 6
- B. 8
- C. 9
- D. 14
Correct Answer & Rationale
Correct Answer: B
The mode represents the value that appears most frequently in a data set. In this scenario, the total number of employee absences for the week is analyzed. Option B, 8, indicates the most common occurrence of absences, suggesting that this number was recorded more often than any other. Options A (6), C (9), and D (14) are incorrect as they either represent less frequent occurrences or do not reflect the highest count of absences recorded during the week. Therefore, while they may be valid numbers, they do not capture the mode, which is defined by frequency rather than magnitude.
The mode represents the value that appears most frequently in a data set. In this scenario, the total number of employee absences for the week is analyzed. Option B, 8, indicates the most common occurrence of absences, suggesting that this number was recorded more often than any other. Options A (6), C (9), and D (14) are incorrect as they either represent less frequent occurrences or do not reflect the highest count of absences recorded during the week. Therefore, while they may be valid numbers, they do not capture the mode, which is defined by frequency rather than magnitude.
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.
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.