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According to a recent study on financial roles, one-third of

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According to a recent study on financial roles, one-third of [#permalink] New post 21 Jan 2013, 12:41
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Question Stats:

65% (02:30) correct 35% (01:51) wrong based on 145 sessions
According to a recent study on financial roles, one-third of high school seniors say that they have “significant financial responsibilities.” These responsibilities include, but are not limited to, contributing to food, shelter, or clothing for themselves or their families. At the same time, a second study demonstrates that a crisis in money management exists for high school students. According to this study, 80% of high school seniors have never taken a personal finance class even though the same percentage of seniors has opened bank accounts and one-third of these account holders has bounced a check.

Which of the following conclusions can be properly drawn from the statements above?

A. High schools would be wise to incorporate personal finance classes into their core curricula.

B. At least one-third of high school seniors work part-time jobs after school.

C. The number of high school seniors with significant financial responsibilities is greater than the number of seniors who have bounced a check.

D. Any high school seniors who contribute to food, shelter, or clothing for themselves or their families have significant financial responsibilities.

E. The majority of high school students have no financial responsibilities to their families.


I got this wrong but when I saw the OA I realised my silly mistake!

Edit: by carcass
[Reveal] Spoiler: OA
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Re: According to a recent study on financial roles [#permalink] New post 21 Jan 2013, 13:38
Expert's post
nave81 wrote:
According to a recent study on financial roles, one-third of high school seniors say that they have “significant financial responsibilities.” These responsibilities include, but are not limited to, contributing to food, shelter, or clothing for themselves or their families. At the same time, a second study demonstrates that a crisis in money management exists for high school students. According to this study, 80% of high school seniors have never taken a personal finance class even though the same percentage of seniors has opened bank accounts and one-third of these account holders has bounced a check.

Which of the following conclusions can be properly drawn from the statements above?

A. High schools would be wise to incorporate personal finance classes into their core curricula. we have no information about this

B. At least one-third of high school seniors work part-time jobs after school. same as A

C. The number of high school seniors with significant financial responsibilities is greater than the number of seniors who have bounced a check. correct

D. Any high school seniors who contribute to food, shelter, or clothing for themselves or their families have significant financial responsibilities. we already know this, so is not an inference this statement

E. The majority of high school students have no financial responsibilities to their families. never stated in the stimulus


I got this wrong but when I saw the OA I realised my silly mistake!




nex time please insert the question stem

thanks
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Re: According to a recent study on financial roles [#permalink] New post 21 Jan 2013, 18:37
100 students

1/3 have sig financial responsibility.

1/3 of 80 bounce check

33>80/3

C works.
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Re: According to a recent study on financial roles, one-third of [#permalink] New post 22 Feb 2013, 01:50
According to a recent study on financial roles, one-third of high school seniors say that they have “significant financial responsibilities.” These responsibilities include, but are not limited to, contributing to food, shelter, or clothing for themselves or their families. At the same time, a second study demonstrates that a crisis in money management exists for high school students. According to this study, 80% of high school seniors have never taken a personal finance class even though the same percentage of seniors has opened bank accounts and one-third of these account holders has bounced a check.

Which of the following conclusions can be properly drawn from the statements above?

A. High schools would be wise to incorporate personal finance classes into their core curricula. OFS

B. At least one-third of high school seniors work part-time jobs after school. OFS

C. The number of high school seniors with significant financial responsibilities is greater than the number of seniors who have bounced a check.

D. Any high school seniors who contribute to food, shelter, or clothing for themselves or their families have significant financial responsibilities.
Tricky option. Passage does mention about this but in addition it is also mentioned but are not limited to

E. The majority of high school students have no financial responsibilities to their families.
Tricky option. Passage states: one-third of high school seniors say that they have “significant financial responsibilities.” Word significant is key to reject this option

Therefore C.
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Re: According to a recent study on financial roles, one-third of   [#permalink] 22 Feb 2013, 01:50
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