Author 
Message 
TAGS:


Moderator
Joined: 18 Apr 2015
Posts: 5185
Followers: 77
Kudos [?]:
1040
[0], given: 4673

In a neighborhood consisting of 2,000 homes, 80 percent of [#permalink]
21 Dec 2017, 16:59
Question Stats:
50% (01:01) correct
50% (01:10) wrong based on 6 sessions
In a neighborhood consisting of 2,000 homes, 80 percent of the homes are valued at $325,000 or less. Which of the following statements about the values of the homes in the neighborhood must be true? Indicate \(all\) such statements. A. The average (arithmetic mean) value is at most $325,000. B. The median value is at most $325,000. C. At most 400 homes have values greater than $325,000. kudo for the right solution and explanation
_________________
Get the 2 FREE GREPrepclub Tests




Manager
Joined: 25 Nov 2017
Posts: 51
Followers: 0
Kudos [?]:
41
[1]
, given: 5

Re: In a neighborhood consisting of 2,000 homes, 80 percent of [#permalink]
22 Dec 2017, 00:56
1
This post received KUDOS
So 0,8 * 2000 = 1600 values evaluated at at least 325 000 So 400 are greater than 325 000 C must be true
Since we have 1600 houses at 325 000 or less and 400 at more than 325 000 We cannot conclude that the median is 325 000. The 1000th and 1001 th values could be either less than 325 000 or equals 325000. So B is out.
The average is the number of houses * prices divided by the total of houses. So it could be written as (<= 325 000)(1600) + (400)((>325000) /2000 Therefore A is out



Director
Joined: 20 Apr 2016
Posts: 758
Followers: 6
Kudos [?]:
514
[0], given: 94

Re: In a neighborhood consisting of 2,000 homes, 80 percent of [#permalink]
22 Dec 2017, 21:52
Popo wrote: So 0,8 * 2000 = 1600 values evaluated at at least 325 000 So 400 are greater than 325 000 C must be true
Since we have 1600 houses at 325 000 or less and 400 at more than 325 000
I donot think your assumption is wright can you plz explain how you assumed the remaing 400 houses have values more than 325000. As nothing is mentioned about the remaining 400 houses
_________________
If you found this post useful, please let me know by pressing the Kudos Button



Moderator
Joined: 18 Apr 2015
Posts: 5185
Followers: 77
Kudos [?]:
1040
[0], given: 4673

Re: In a neighborhood consisting of 2,000 homes, 80 percent of [#permalink]
26 Dec 2017, 06:58
OA Added Regards
_________________
Get the 2 FREE GREPrepclub Tests



Intern
Joined: 20 Dec 2017
Posts: 30
Followers: 0
Kudos [?]:
16
[1]
, given: 9

Re: In a neighborhood consisting of 2,000 homes, 80 percent of [#permalink]
15 Jan 2018, 18:29
1
This post received KUDOS
According to prompt 80% of h are at 325 or less, what if 1600h valued 324.9$ or 1600h valued 325$ other 400h valued 300$
Since question must be true, C cannot be correct answer



Director
Joined: 07 Jan 2018
Posts: 555
Followers: 4
Kudos [?]:
482
[1]
, given: 84

Re: In a neighborhood consisting of 2,000 homes, 80 percent of [#permalink]
15 Jan 2018, 20:29
1
This post received KUDOS
yell2012prime wrote: According to prompt 80% of h are at 325 or less, what if 1600h valued 324.9$ or 1600h valued 325$ other 400h valued 300$
Since question must be true, C cannot be correct answer none of the other 400 houses can be valued at $300000 because those valuation is already included in less than or equal to 325000 other 400 houses must have valuation greater than 325000 as such c must be correct
_________________
This is my response to the question and may be incorrect. Feel free to rectify any mistakes



Intern
Joined: 20 Dec 2017
Posts: 30
Followers: 0
Kudos [?]:
16
[0], given: 9

Re: In a neighborhood consisting of 2,000 homes, 80 percent of [#permalink]
16 Jan 2018, 07:28
sanjogsubedi wrote: yell2012prime wrote: According to prompt 80% of h are at 325 or less, what if 1600h valued 324.9$ or 1600h valued 325$ other 400h valued 300$
Since question must be true, C cannot be correct answer none of the other 400 houses can be valued at $300000 because those valuation is already included in less than or equal to 325000 other 400 houses must have valuation greater than 325000 as such c must be correct Yep, you are right



Manager
Joined: 02 Jan 2018
Posts: 66
Followers: 0
Kudos [?]:
30
[1]
, given: 0

Re: In a neighborhood consisting of 2,000 homes, 80 percent of [#permalink]
23 Jan 2018, 10:00
1
This post received KUDOS
B and C both are correct
80% of 2000 >1600 homes <=325000
Remaining homes= 20001600 =400
Median : (1000, 1001 Location values)/2 which will be atmost 325000



Intern
Joined: 18 May 2016
Posts: 35
Followers: 0
Kudos [?]:
15
[1]
, given: 13

Re: In a neighborhood consisting of 2,000 homes, 80 percent of [#permalink]
25 Jan 2018, 06:41
1
This post received KUDOS
pranab01 wrote: Popo wrote: So 0,8 * 2000 = 1600 values evaluated at at least 325 000 So 400 are greater than 325 000 C must be true
Since we have 1600 houses at 325 000 or less and 400 at more than 325 000
I donot think your assumption is wright can you plz explain how you assumed the remaing 400 houses have values more than 325000. As nothing is mentioned about the remaining 400 houses It is mentioned in the question. 80% are valued at 325k$ or less, therefore the remaining 20% (400 homes) must be valued at a higher price than 325k$.




Re: In a neighborhood consisting of 2,000 homes, 80 percent of
[#permalink]
25 Jan 2018, 06:41





