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Updated on: 04 Feb 2024, 00:01
Originally posted by Sajjad1994 on 17 Jun 2021, 21:00.
Last edited by BottomJee on 04 Feb 2024, 00:01, edited 2 times in total.
Last edited by BottomJee on 04 Feb 2024, 00:01, edited 2 times in total.
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Rent paid was equal to the median rent paid for the eight-year period.: Yes
The total cost in the categories shown decreased as compared to 2003.: Yes
Interest payments experienced the highest year-over-year drop for the eight-year period.: Yes
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
85%
(hard)
Question Stats:
54% (02:30) correct
46%
(02:35)
wrong
based on 1238
sessions
History
Date
Time
Result
Not Attempted Yet
(Sort ↕ the table by clicking on the headers)
| Year of Business Expense (all expenses in millions of dollars) | Salary | Rent | Facility Maintenance | Equipment Purchase | Utilities | Stock Dividends | Interest Payments | Research & Development |
|---|---|---|---|---|---|---|---|---|
| 2000 | 43.24 | 0.23 | 1.2 | 15 | 0.2 | 4.362 | 21.4 | 4.2 |
| 2001 | 44.53 | 0.25 | 2.1 | 19 | 0.6 | 5.291 | 23.7 | 4.7 |
| 2002 | 39.72 | 0.28 | 1.5 | 14 | 0.1 | 4.778 | 26.8 | 6.4 |
| 2003 | 42.94 | 0.31 | 1.5 | 33 | 0.5 | 3.224 | 32.5 | 5.3 |
| 2004 | 41.36 | 0.31 | 2.3 | 9 | 0.7 | 5.645 | 19.6 | 5.9 |
| 2005 | 43.37 | 0.34 | 1.1 | 21 | 1.2 | 5.273 | 22.3 | 6.6 |
| 2006 | 44.02 | 0.33 | 1.6 | 13 | 0.3 | 6.316 | 25.4 | 6.2 |
| 2007 | 46.51 | 0.36 | 2.4 | 27 | 0.6 | 6.829 | 18.1 | 5.1 |
| Yes | No | |
| Rent paid was equal to the median rent paid for the eight-year period. | ||
| The total cost in the categories shown decreased as compared to 2003. | ||
| Interest payments experienced the highest year-over-year drop for the eight-year period. |
ShowHide Answer
Official Answer
Rent paid was equal to the median rent paid for the eight-year period.: Yes
The total cost in the categories shown decreased as compared to 2003.: Yes
Interest payments experienced the highest year-over-year drop for the eight-year period.: Yes
17 Jun 2021, 23:28
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1. The answer is Yes. The data provides the answer to Rent paid was equal to the median rent paid for the eight-year period.
2. The answer is Yes. The data provides the answer to The total cost in the categories shown decreased as compared to 2003.
3. The answer is No. We cannot determine Interest payments experienced the highest year-over-year drop for the eight-year period because we cannot find the interest payment drop for the year 2000.
2. The answer is Yes. The data provides the answer to The total cost in the categories shown decreased as compared to 2003.
3. The answer is No. We cannot determine Interest payments experienced the highest year-over-year drop for the eight-year period because we cannot find the interest payment drop for the year 2000.
21 Jun 2021, 03:44
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Official Explanation
Rent paid was equal to the median rent paid for the eight-year period.
In order to find the median, we can sort by the rent column and see that 0.31 million is the median (as it's the value in both the fourth and fifth positions in the list of 8 values). The year 2004 is one of the years that corresponds to this value, so the answer is Yes.
The total cost in the categories shown decreased as compared to 2003.
While it would be possible to calculate the total cost for 2003 and 2004, it's worth looking first to see if there's a dominant trend that can help us answer this question more quickly. While there are some cases in which 2004's expenditures were greater than those in 2003, the $24 million difference in equipment purchase and the $12.9 million difference in interest payments more than offset the differences in any other columns. Since both of these major categories are greater in 2003, the total cost did decrease in 2004. The answer is Yes.
Interest payments experienced the highest year-over-year drop for the eight-year period.
The drop from 2003 to 2004 is $12.9 million, much greater than the drop experienced in any other year shown on the table. The answer is Yes.
Rent paid was equal to the median rent paid for the eight-year period.
In order to find the median, we can sort by the rent column and see that 0.31 million is the median (as it's the value in both the fourth and fifth positions in the list of 8 values). The year 2004 is one of the years that corresponds to this value, so the answer is Yes.
The total cost in the categories shown decreased as compared to 2003.
While it would be possible to calculate the total cost for 2003 and 2004, it's worth looking first to see if there's a dominant trend that can help us answer this question more quickly. While there are some cases in which 2004's expenditures were greater than those in 2003, the $24 million difference in equipment purchase and the $12.9 million difference in interest payments more than offset the differences in any other columns. Since both of these major categories are greater in 2003, the total cost did decrease in 2004. The answer is Yes.
Interest payments experienced the highest year-over-year drop for the eight-year period.
The drop from 2003 to 2004 is $12.9 million, much greater than the drop experienced in any other year shown on the table. The answer is Yes.
