Raffle Tickets A math club sold 1000 raffle tiekets. If 15 of the tickets are wi

Question

Raffle Tickets A math club sold 1000 raffle tiekets. If 15 of the tickets are winning tickets, write the ratio of the number of winning tickets to the number of losing tickets as a fraction in simplest form. Vegetarian Meals A banquet is prepared for 500 guests. If 28 of the guests have vegetarian meals, write the ratio of vegetarian meals to non-vegetarian meals as a fraction in simplest form. Equity Loans Some banks will provide an equity loan if the loan-to-value ratio is less than 0.8. Compute the loan-to-value ratio as a unit ratio for a person who owns a $250,000 home and wants an equity loan for $180,000. Does this person qualify for the loan? Equity Loans A bank will provide an equity loan if the loan-to-value ratio is less than 0.75. Compute the loan-to-value ratio as a unit ratio for a person who owns a $160,000 home and wants an equity loan for $125,000. Does this person qualify for the loan?

Explanation / Answer

67.) Ratio = 15 /985 = 3 / 197

68.) Ratio = 28/472 = 7/118

69.) Ratio for loan to value = 180000/250000 = 0.72 < 0.8

Therefore this person qualified for the role.

70.) Ratio = 125000/160000 = 0.78 > 0.75

Therefore this person does not qualify for the loan.

71.) Ratio at public university = 692/16 = 43.25

Ratio at community college = 455/14 = 32.5

At the community college there is a lesser number of students per instructor.

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