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Re: QOTD#15 Income expenditure at university in 2004
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30 Nov 2016, 15:56
Explanation
Question 4. Be sure to Ballpark this one: 10% of $120 million is $12 million, so 5% would be $6 million. Hence, we’re looking for something just less than 5%. Of the options given, Fine Arts comes closest.
Hence option A is correct.
Question 5. Ballpark this one: \(\frac{1}{2}\) of the university’s New Construction expenditures is about 3%, \(\frac{1}{4}\)of the Facility Maintenance expenditures is about 5%, and \(\frac{3}{5}\) of the Athletics and Admissions/Scholarships expenditures is about 12%. That’s a total of 3% + 5% + 12% = 20%, and 20% of $120 million is $24 million, so the answer is choice (D).
Question 6. Athletic expenditures were 9.5%, while income was 6.1%; the difference is 3.4%, and \(\frac{3.4}{9.5}\) can be ballparked to about \(\frac{3.5}{10}\), or about 35%.
Hence option B is correct.