Ask a New Question
Menu

Look at the graph of Texas farms that lost money (also known as revenue) and gained (made) money in 2012 and 2017 below. In 2012, 68% of Texas farms LOST money. Study the math below to see how that percentage was calculated. Now it's your turn! Grab a calculator. Use the same steps below as an example for you to follow. Please calculate the percentage of farms that GAINED (MADE) money in 2017. (2 points) Responses 37% 37% 26% 26% 18% 18% 73%

1 answer

To calculate the percentage of Texas farms that GAINED (MADE) money in 2017 using the method outlined for the 2012 data, please follow these steps:

  1. Determine the total percentage of farms: Since there are only two possibilities (farms that gained money and farms that lost money), we can use the total of 100%.

  2. Identify the percentage of farms that LOST money in 2017: You would need this information; let's assume we know that in 2017, 37% of Texas farms lost money as per the provided response options.

  3. Calculate the percentage of farms that GAINED (MADE) money:

    • Subtract the percentage of farms that lost money from 100%. \[ \text{Percentage of farms that gained money} = 100% - \text{Percentage of farms that lost money} \] \[ \text{Percentage of farms that gained money} = 100% - 37% = 63% \]

So, the percentage of Texas farms that GAINED (MADE) money in 2017 is 63%. The provided options seem to indicate an inconsistency, but the calculation stands as shown above. If the data given suggests otherwise regarding farms that lost money, the corresponding percentage can be adjusted to compute the percentage of farms that gained money accordingly.