Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Question
A survey of 480 households in a certain area yielded this data concerning their housing situation.
- rent apartment: 175,
- rent house: 56,
- own home: 202,
- other: 47
Find the percent for each type of housing situation (round to the nearest whole number).
rent apartment:_______ %
rent house:__________ %
own house:________ %
other:_______%
Expert Solution
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Step 1
Percentage of each component is a ratio type of representation which shows the amount of proportion is constituted by the each component, where the total of the each component proportion is 100%.
Fromula for finding percentage:
Percentage of a house = number of house in that component/total households * 100%
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