Question

Let f(p) be the average number of days a house stays on the market before being sold for price p in $1,000s. Which statement best describes the meaning of f(275)

Answer 1

The correct option is (4).

Explanation:

The complete question is:

Let f(p) be the average number of days a house stays on the market before being sold for price p in $1,000s. Which statement best describes the meaning of f(275)?

1. Houses sell on the market for an average of $275,000 and stay on the market an average of 275 days before being sold.
2. Houses sell for an average of $275,000.
3. f(275) indicates houses stay on the market an average of 275 days before being sold.
4. f(275) represents the average number of days houses stay on the market before being sold for $275,000.

Solution:

The function f (p) is defined as the average number of days a house stays on the market before being sold for price p in $1,000s.

The function provided is: f (275)

That is, p = $275,000.

So, the function (275) describes the average number of days a house stays on the market before being sold for price $275,000.

Thus, the correct option is (4).