Suppose that you are buying a house. You and your realtor have determined that the most expensive house you can afford is the 34th percentile.
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# Suppose that you are buying a house. You and your realtor have determined that the most expensive house you can

afford is the 34th percentile. The 34th percentile of housing prices is \$240,000 in the town you want to move to. Which of the following statement is correct?

Question 1 options:

a) You cannot afford 34% of the houses in that town

b) You can afford houses that are not more than \$240,000

c) You can afford 66% of the houses in that town

d) You can afford 34 homes in that town

Choice b) You can afford... View the full answer

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