the table below displays the sales figures for a group of realtors over a 2 - year period. what was the…

the table below displays the sales figures for a group of realtors over a 2 - year period. what was the approximate average sales price for the houses sold by mrs. boggs in year 1? realtor, houses sold year 1, total sales year 1, houses sold year 2, total sales year 2; boggs, 5, $1550000, 7, $2800000; jenkins, 2, $770000, 4, $1380000; miles, 4, $1285000, 6, $1850000; nixon, 2, $445000, 5, $1295000; wright, 7, $2550000, 5, $1550000

the table below displays the sales figures for a group of realtors over a 2 - year period. what was the approximate average sales price for the houses sold by mrs. boggs in year 1? realtor, houses sold year 1, total sales year 1, houses sold year 2, total sales year 2; boggs, 5, $1550000, 7, $2800000; jenkins, 2, $770000, 4, $1380000; miles, 4, $1285000, 6, $1850000; nixon, 2, $445000, 5, $1295000; wright, 7, $2550000, 5, $1550000

Answer

Explanation:

Step1: Recall average - price formula

The formula for the average sales price is $\text{Average Price}=\frac{\text{Total Sales}}{\text{Number of Houses Sold}}$.

Step2: Identify values for Mrs. Boggs in Year 1

From the table, for Mrs. Boggs in Year 1, the number of houses sold is $5$ and the total sales is $$1550000$.

Step3: Calculate the average sales price

Substitute the values into the formula: $\text{Average Price}=\frac{1550000}{5}=310000$.

Answer:

$$310,000$