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HBRI - Hogan Business Reasoning Inventory Numerical Estimation and Approximation Flashcards

6 cards from real HBRI practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

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  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?

    Answer: About $40,800

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

  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?

    Answer: About $686,000

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

  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?

    Answer: About $143,000

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

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

    Answer: About 2,185

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

  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?

    Answer: About $8,750

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

  6. A call center handles 480 calls per agent per month. If the team has 23 agents and productivity improves by 5%, approximately how many total calls will be handled next month?

    Answer: About 11,592

    Base: 480 × 23 = 11,040; with 5% increase: 11,040 × 1.05 ≈ 11,592.