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
A diver jumps from a platform. The height, h meters, the diver is above the water t seconds after jumping is represented by h = -16t^2 + 16t + 6.5. To the near hundredth of a second, how many seconds after jumping is the diver 2.5 meters above the water?
- A. 2.79
- B. 1.32
- C. 2.83
- D. 1.21
Correct Answer & Rationale
Correct Answer: D
To find when the diver is 2.5 meters above the water, substitute h = 2.5 into the equation: \[ 2.5 = -16t^2 + 16t + 6.5. \] Rearranging gives: \[ -16t^2 + 16t + 4 = 0. \] Using the quadratic formula, we solve for t, yielding two potential solutions. The option D (1.21 seconds) is valid as it falls within the realistic time frame of the jump. Options A (2.79) and C (2.83) exceed the expected time of descent, while B (1.32) does not satisfy the equation, confirming that only D accurately represents the diver's position at 2.5 meters above the water.
To find when the diver is 2.5 meters above the water, substitute h = 2.5 into the equation: \[ 2.5 = -16t^2 + 16t + 6.5. \] Rearranging gives: \[ -16t^2 + 16t + 4 = 0. \] Using the quadratic formula, we solve for t, yielding two potential solutions. The option D (1.21 seconds) is valid as it falls within the realistic time frame of the jump. Options A (2.79) and C (2.83) exceed the expected time of descent, while B (1.32) does not satisfy the equation, confirming that only D accurately represents the diver's position at 2.5 meters above the water.
Which expression is undefined over the real numbers?
- A. (-3)^0
- B. 0/4
- C. |-2|
- D. (-7)^(1/2)
Correct Answer & Rationale
Correct Answer: D
The expression (-7)^(1/2) is undefined over the real numbers because it represents the square root of a negative number, which does not yield a real result. Option A, (-3)^0, equals 1, as any non-zero number raised to the power of 0 is defined. Option B, 0/4, simplifies to 0, which is a defined real number. Option C, |-2|, equals 2, as the absolute value of any number is always defined and non-negative. Thus, only (-7)^(1/2) fails to produce a real number, making it the only undefined expression in this context.
The expression (-7)^(1/2) is undefined over the real numbers because it represents the square root of a negative number, which does not yield a real result. Option A, (-3)^0, equals 1, as any non-zero number raised to the power of 0 is defined. Option B, 0/4, simplifies to 0, which is a defined real number. Option C, |-2|, equals 2, as the absolute value of any number is always defined and non-negative. Thus, only (-7)^(1/2) fails to produce a real number, making it the only undefined expression in this context.
An advertisement poster in the window of a shoe store is in the shape of a rectangle. The length of the poster is 9 less than 4 times the width. Which expression represents the length of the poster when w is the width
- A. 4w - 9
- B. 9 - 4w
- C. 4w + 9
- D. 9w - 4
Correct Answer & Rationale
Correct Answer: A
The expression for the length of the poster is determined by the relationship given in the problem. The length is described as "9 less than 4 times the width," which translates mathematically to \(4w - 9\). Option A (4w - 9) accurately reflects this relationship. Option B (9 - 4w) incorrectly suggests that the length is greater than 9 and decreases as width increases, which contradicts the problem's description. Option C (4w + 9) implies that the length increases by 9, rather than decreasing, which is not aligned with the original statement. Option D (9w - 4) introduces an incorrect multiplication factor and does not adhere to the given relationship, making it invalid.
The expression for the length of the poster is determined by the relationship given in the problem. The length is described as "9 less than 4 times the width," which translates mathematically to \(4w - 9\). Option A (4w - 9) accurately reflects this relationship. Option B (9 - 4w) incorrectly suggests that the length is greater than 9 and decreases as width increases, which contradicts the problem's description. Option C (4w + 9) implies that the length increases by 9, rather than decreasing, which is not aligned with the original statement. Option D (9w - 4) introduces an incorrect multiplication factor and does not adhere to the given relationship, making it invalid.
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.
Daniel wonders whether housing prices are more likely to increase or decrease in any special month. If he randomly selects a month other than January from the table, what is the price as a fraction, that the median sales price in that month was an increase over the previous month?
Correct Answer & Rationale
Correct Answer: 4\7
To determine the fraction of months where the median sales price increased over the previous month, one must analyze the data presented in the table. The correct answer, 4/7, indicates that out of the seven months considered (excluding January), there were four months where prices rose compared to the month prior. Other options, such as 3/7 or 5/7, misrepresent the data by either underestimating or overestimating the actual increases. A fraction of 3/7 would imply that only three months saw an increase, which contradicts the evidence. Similarly, 5/7 would suggest an unrealistic majority of months experienced price hikes, not aligning with the data. Thus, 4/7 accurately reflects the observed trends in the provided data.
To determine the fraction of months where the median sales price increased over the previous month, one must analyze the data presented in the table. The correct answer, 4/7, indicates that out of the seven months considered (excluding January), there were four months where prices rose compared to the month prior. Other options, such as 3/7 or 5/7, misrepresent the data by either underestimating or overestimating the actual increases. A fraction of 3/7 would imply that only three months saw an increase, which contradicts the evidence. Similarly, 5/7 would suggest an unrealistic majority of months experienced price hikes, not aligning with the data. Thus, 4/7 accurately reflects the observed trends in the provided data.