GRE Question of the Day (May 2)

 

20. Which of the following is closest to the mean of the prices of the 700 homes sold in 2012 and 2013 combined?

A. $265,000
B. $270,000
C. $275,000
D. $280,000
E. $285,000

Correct Answer - B - (click and drag your mouse to see the answer)

21. By approximately what percent did the median price of homes sold in County T decrease from 2011 to 2012 ?
A. 10%
B. 15%
C. 25%
D. 33%
E. 50%

Correct Answer - C - (click and drag your mouse to see the answer)

22. Based on the information given, which of the following statements about the sum of the prices of all the homes sold in a given year must be true?

Indicate all such statements.

A. The sum of the prices for 2010 was greater than the sum for 2009.
B. The sum of the prices for 2010 was greater than the sum for 2011.
C. The sum of the prices for 2009 was greater than the sum for 2011.

Correct Answer - B and C - (click and drag your mouse to see the answer)

23. County T collected a tax equal to 3 percent of the price of each home sold in the county in 2009. Approximately how much did County T collect in taxes from all homes sold in 2009?

A. $38,000
B. $260,000
C. $380,000
D. $2,600,000
E. $3,800,000

Correct Answer - E - (click and drag your mouse to see the answer)