Determine Which of the Numbers Below Is a Possible Order

question 91

Multiple Choice

Determine which of the numbers below is a possible order of magnitude estimate of the quantity described.
-The total number of gallons of gasoline that will be used by American drivers in a year.

• A)One trillion
• B)Ten trillion
• C)One hundred billion
• D)Ten billion

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Definitions:

Average Rate

The mean value of a set of rates, calculated by dividing the sum of all rates by the number of rates.

Capital Investment

Funds invested in a business by the owners or shareholders to purchase capital assets or to retain in the business as working capital.

Asset Life

The expected period during which an asset is considered useful in the operations of a business, influencing depreciation calculations.

Average Rate

A calculation used to determine the mean value of a set of rates over a specified period, often applied in finance to find the average interest rate.