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A house is valued at 210,000, correct to 2 decimal places. What is the upper bound and lower bound?

A. Upper bound: 210,000.00, Lower bound: 209,999.00
B. Upper bound: 210,000.00, Lower bound: 210,000.01
C. Upper bound: 209,999.50, Lower bound: 210,000.50
D. Upper bound: 209,999.99, Lower bound: 210,000.01

Answer :

Final answer:

The upper and lower bounds of a house valued at $210,000.00, correct to 2 decimal places would be b. Upper bound: 210,000.01, Lower bound: 210,000.00

Explanation:

The question asks about the upper and lower bounds of the house valuation that is given to be 210,000 correct to two decimal places. In this case, the upper bound would be the next possible value, 210,000.01, while the lower bound is the given value itself, 210,000.00. Therefore, the correct option out of those listed would be b. Upper bound: 210,000.01, Lower bound: 210,000.00. Be mindful, this understanding of bounds accounts it to the closest penny - which is typically how finances and economics handle such situations.

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