The Cost of Building Garages at a New Development Is

question 4

Short Answer

The cost of building garages at a new development is $10,500 per garage. If a subcontractor builds five and then sells four at $12,500 each to the developer, how much does the subcontractor now have invested?

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Definitions:

Household Incomes

The combined gross income of all members of a household who are 15 years old or older, including wages, salaries, pensions, and other sources.

SES

Social Economic Status; a measure of an individual's or group's economic and sociological standing, often based on income, education, and occupation.

IQ Scores

Numerical measurements derived from standardized tests designed to assess human intelligence.

Significant Correlation

A statistics term indicating a strong association between two variables, suggesting that when one changes, the other is likely to change in a predictable way.