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JulsSmile [24]
3 years ago
11

You are considering selling your home. You consult with an agent who gives you the asking prices of five homes (comps) in your a

rea: $165,000, $188,000, $175,000, $150,000 and $400,000. The $400,000 is an outlier so you will not include it in your evaluation. In determining a reasonable asking price, what is the mean of the four remaining comps?
Mathematics
1 answer:
N76 [4]3 years ago
8 0

Answer:

<h3> $169,500</h3>

Step-by-step explanation:

Mean is the average of the numbers. It is expressed as the ratio of the sum of the numbers to its sample size.

Mean = sum of the amounts/sample size

Sum of the amounts = $165,000 + $188,000 + $175,000+$150,000

Sum of amounts = $678,000

Sample size = 4 (excluding the outlier)

Mean = $678,000/4

Mean = $169,500

Hence the mean of the four remaining comps is $169,500

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Evgesh-ka [11]

Answer:

4) y = 2x - 7

Step-by-step explanation:

First we have to find the slope by using the following formula....

let (3, - 1) be (x_{1}, y_{1} ), let (8, 9) be (x_{2} ,y_{2} ), and m be the slope, then....

m = \frac{y_{2} -y_{1} }{x_{2} - x_{1} } = \frac{9 + 1}{8 - 3} = \frac{10}{5} = 2

Now that we know the slope we can find the equation of the function by using point-slope for of the function which look like this.....

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3 0
3 years ago
The amount of money in Nadia’s savings account is represented by the recursive formula an=1.025(an-1)+50 if a6=291.51 what are t
Elis [28]
Recursive formula is one way of solving an arithmetic sequence. It contains the initial term of a sequence and the implementing rule that serve as a pattern in finding the next terms. In the problem given, the 6th term is provided, therefore we can solve for the initial term in reverse. To make use of it, instead of multiplying 1.025, we should divide it after deducting 50 (which supposedly is added).
<span>
Therefore, we perform the given formula: A (n) = <span>1.025(an-1) + 50
</span></span>a(5) =1.025 (235.62) + 50 = 291.51

a(4) = 1.025 (181.09) + 50 = 235.62

a(3) = 1.025 (127.89) + 50 = 181.09

a(2) = 1.025 (75.99) + 50 = 127.89

a(1) = 1.025 (25.36) + 50 = 75.99

a(n) = 25.36

The terms before a(6) are indicated above, since a(6) is already given.

So, the correct answer is <span>A. $25.36, $75.99.</span>
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