HBRI HBRI - Hogan Business Reasoning Inventory Numerical Estimation and Approximation 2

Question 1

A logistics company's cost per shipment is $47.50 and they ship roughly 860 packages per week. What is the closest estimate of their weekly shipping cost?

Accepted Answer

About $40,800

Answer

$47.50 × 860 ≈ $40,850, closest to $40,800.

Question 2

If a business currently earns a 12% profit margin on $5.2 million in sales, and sales grow 10% next year while margins stay constant, what is the best estimate of next year's profit?

Accepted Answer

About $686,000

Answer

New sales ≈ $5.72M; 12% of $5.72M ≈ $686,400.

Question 3

An analyst reviews 5 supplier bids: $142,000, $138,500, $151,200, $145,700, and $139,100. What is the closest estimate of the average bid?

Accepted Answer

About $143,000

Answer

Sum ≈ $716,500 ÷ 5 = $143,300, closest to $143,000.

Question 4

A company reduces its workforce by 8% from 2,375 employees. Approximately how many employees remain?

Accepted Answer

About 2,185

Answer

8% of 2,375 ≈ 190; 2,375 − 190 = 2,185 remaining employees.

Question 5

Office space costs $28 per square foot annually, and a firm is considering leasing 3,750 square feet. What is the closest estimate of the monthly lease cost?

Accepted Answer

About $8,750

Answer

Annual cost = $28 × 3,750 = $105,000; monthly = $105,000 ÷ 12 = $8,750.

HBRI - Hogan Business Reasoning Inventory Practice Test

HBRI - Hogan Business Reasoning Inventory Practice Test

HBRI HBRI - Hogan Business Reasoning Inventory Numerical Estimation and Approximation 2