Question

If the lot that is for sale for $810,000 is removed from the set, which statement is true?

A. There are no more lots for sale
B. The average price of the remaining lots increases
C. The total cost of all lots decreases
D. The most expensive lot is no longer available

Answer 1

If the $810,000 lot is removed from the set, the average price of the remaining lots will increase.

Step-by-step explanation:

If the lot that is for sale for $810,000 is removed from the set, the statement that is true is B: The average price of the remaining lots increases.

1. To find the average price of the remaining lots, we need to calculate the sum of the prices of all lots excluding the $810,000 lot, and then divide it by the number of lots.
2. Since the $810,000 lot is no longer available, the sum of the prices of all lots decreases, which means the total cost of all lots decreases.
3. The most expensive lot may or may not be the $810,000 lot. So, removing the $810,000 lot does not necessarily mean the most expensive lot is no longer available.