Question

In a relatively new neighborhood with 524 homes, 72 houses were sold. The turnover index in this neighborhood is

Answer 1

Turnover index = 13.74

Step-by-step explanation:

Given that,

Total no. of homes = 524

Sold homes = 72

We need to find the turnover index in this neighborhood. It is defined as the ratio total number of leavers in a month by your average number of employees in a month multiplied by 100.

In this situation,

`\text{turnover index}=\frac{\text{sold homes}}{\text{Total no. of homes}}* 100\\\\=(72)/(524)* 100\\\\=13.74`

Hence, the turnover index rate is 13.74.