The following double-line graph compares the number of actual home sales to the number of homes for sale from 2000-2008. Study the graph and answer the questions that follow. 8000 7000 6000- 5000- 4000- 3000- 2000- 1000 Home Sales Homes for Sale 2000 2002 2004 2006 2008 Year Q Q a. In what year did the biggest drop in home sales occur? By approximately how many units did sales drop? ⒸA. 2007; approximately 1,200,000 OB. 2007; approximately 4,800,000 OC. 2008; approximately 4,800,000 OD. 2008; approximately 1,200,000 b. Identify at least two years when the number of sales and the number of homes for sale both increased. O A. 2001, 2002 OB. 2002, 2005 O C. 2002, 2008 ⒸD. 2001, 2003 c. In what year were home sales at their lowest level? In what year were home sales at their highest level? O A. lowest: 2002; highest: 2006 O B. lowest: 2002; highest: 2008 C. lowest: 2001; highest: 2006 O D. lowest: 2001; highest: 2007 d. Based on your answer to part (c), how many more units were sold in the highest-selling year than the lowest-selling year? O A. Approximately 6,000,000 B. Approximately 6,600,000 OC. Approximately 4,000,000 D. Approximately 2,600,000 e. By approximately what percent did the number of homes for sale increase between 2004 and 2008? The increase in the number of homes for sale between 2004 and 2008 was about %. (Round to the nearest whole number as needed.)

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ChapterP: Prerequisites: Fundamental Concepts Of Algebra
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**Graph Analysis of Home Sales and Homes for Sale (2000-2008)**

The following double-line graph compares the number of actual home sales to the number of homes for sale from 2000 to 2008.

**Graph Description:**

- **X-axis:** Represents the years from 2000 to 2008.
- **Y-axis:** Represents the number of units in the thousands.
- **Lines:**
  - **Black Line (Home Sales):** Shows fluctuations over the years, peaking and then declining.
  - **Blue Line (Homes for Sale):** Displays a steady increase over the same period.

**Questions:**

a. In what year did the biggest drop in home sales occur? By approximately how many units did sales drop?
- A. 2007; approximately 1,200,000
- B. 2007; approximately 4,800,000
- C. 2008; approximately 4,800,000
- D. 2008; approximately 1,200,000

b. Identify at least two years when the number of sales and the number of homes for sale both increased.
- A. 2001, 2002
- B. 2002, 2005
- C. 2002, 2008
- D. 2001, 2003

c. In what year were home sales at their lowest level? In what year were home sales at their highest level?
- A. Lowest: 2002; Highest: 2006
- B. Lowest: 2002; Highest: 2008
- C. Lowest: 2001; Highest: 2006
- D. Lowest: 2001; Highest: 2007

d. Based on your answer to part (c), how many more units were sold in the highest-selling year than the lowest-selling year?
- A. Approximately 6,000,000
- B. Approximately 6,600,000
- C. Approximately 4,000,000
- D. Approximately 2,600,000

e. By approximately what percent did the number of homes for sale increase between 2004 and 2008?

The increase in the number of homes for sale between 2004 and 2008 was about ___%.
(Round to the nearest whole number as needed.)
Transcribed Image Text:**Graph Analysis of Home Sales and Homes for Sale (2000-2008)** The following double-line graph compares the number of actual home sales to the number of homes for sale from 2000 to 2008. **Graph Description:** - **X-axis:** Represents the years from 2000 to 2008. - **Y-axis:** Represents the number of units in the thousands. - **Lines:** - **Black Line (Home Sales):** Shows fluctuations over the years, peaking and then declining. - **Blue Line (Homes for Sale):** Displays a steady increase over the same period. **Questions:** a. In what year did the biggest drop in home sales occur? By approximately how many units did sales drop? - A. 2007; approximately 1,200,000 - B. 2007; approximately 4,800,000 - C. 2008; approximately 4,800,000 - D. 2008; approximately 1,200,000 b. Identify at least two years when the number of sales and the number of homes for sale both increased. - A. 2001, 2002 - B. 2002, 2005 - C. 2002, 2008 - D. 2001, 2003 c. In what year were home sales at their lowest level? In what year were home sales at their highest level? - A. Lowest: 2002; Highest: 2006 - B. Lowest: 2002; Highest: 2008 - C. Lowest: 2001; Highest: 2006 - D. Lowest: 2001; Highest: 2007 d. Based on your answer to part (c), how many more units were sold in the highest-selling year than the lowest-selling year? - A. Approximately 6,000,000 - B. Approximately 6,600,000 - C. Approximately 4,000,000 - D. Approximately 2,600,000 e. By approximately what percent did the number of homes for sale increase between 2004 and 2008? The increase in the number of homes for sale between 2004 and 2008 was about ___%. (Round to the nearest whole number as needed.)
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