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According to the Federal Deposit Insurance Corporation, 43 U

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According to the Federal Deposit Insurance Corporation, 43 U [#permalink] New post 08 May 2013, 05:58
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Attachment:
Table2.png
Table2.png [ 21.19 KiB | Viewed 687 times ]
According to the Federal Deposit Insurance Corporation, 43 US states and 1 US territory experienced bank failures from October 1, 2000 through December 31, 2011. The 21 other states or territories grouped together in one row each experienced less than 5 bank failures in the period shown.

For each of the following statements, select Yes if the statement can be shown to be true using the information provided. Otherwise, select No.

YES NO
Of the individual states listed that experienced at least one bank failure in 2008 and at least 10 bank failures in 2010, no more than 3 states experienced declines in bank failures from 2010 to 2011.

Across the US states and territories that each experienced more than 45 bank failures in the time frame displayed, less than a third of all bank failures that occurred during the time frame displayed occurred in 2010.

The total number of bank failures in the 44 US states and territories included in the table grew from 2009 to 2010.
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Re: According to the Federal Deposit Insurance Corporation, 43 U [#permalink] New post 08 May 2013, 21:52
According to the Federal Deposit Insurance Corporation, 43 US states and 1 US territory experienced bank failures from October 1, 2000 through December 31, 2011. The 21 other states or territories grouped together in one row each experienced less than 5 bank failures in the period shown. - Bunuel, I think LESS THAN is incorrect here.

Kindly correct me if i am wrong.


Of the individual states listed that experienced at least one bank failure in 2008 and at least 10 bank failures in 2010, no more than 3 states experienced declines in bank failures from 2010 to 2011. - NO

Across the US states and territories that each experienced more than 45 bank failures in the time frame displayed, less than a third of all bank failures that occurred during the time frame displayed occurred in 2010. - NO

The total number of bank failures in the 44 US states and territories included in the table grew from 2009 to 2010.- NO
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Re: According to the Federal Deposit Insurance Corporation, 43 U [#permalink] New post 08 May 2013, 22:20
1) Only California, Florida, Georgia and Illinois qualify and out of these only California, Florida and Illinois have experienced a decline. So the answer is YES

2) Only Florida, Georgia and Illinois qualify.. However, for Florida almost half of the failures has occurred in 2010. So the answer is NO.

3) Add up values for 2009 and 2010.. Answer is YES

Bunuel wrote:
Attachment:
Table2.png
According to the Federal Deposit Insurance Corporation, 43 US states and 1 US territory experienced bank failures from October 1, 2000 through December 31, 2011. The 21 other states or territories grouped together in one row each experienced less than 5 bank failures in the period shown.

For each of the following statements, select Yes if the statement can be shown to be true using the information provided. Otherwise, select No.

YES NO
Of the individual states listed that experienced at least one bank failure in 2008 and at least 10 bank failures in 2010, no more than 3 states experienced declines in bank failures from 2010 to 2011.

Across the US states and territories that each experienced more than 45 bank failures in the time frame displayed, less than a third of all bank failures that occurred during the time frame displayed occurred in 2010.

The total number of bank failures in the 44 US states and territories included in the table grew from 2009 to 2010.

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Re: According to the Federal Deposit Insurance Corporation, 43 U [#permalink] New post 09 May 2013, 01:43
Of the individual states listed that experienced at least one bank failure in 2008 and at least 10 bank failures in 2010, no more than 3 states experienced declines in bank failures from 2010 to 2011.
Yes: California, florida, illionios
Across the US states and territories that each experienced more than 45 bank failures in the time frame displayed, less than a third of all bank failures that occurred during the time frame displayed occurred in 2010.

No: florida has 29 failures in 2010 compared to 61 total. more than a third.

The total number of bank failures in the 44 US states and territories included in the table grew from 2009 to 2010.
Yes: looks like ther is a 10-20 difference in total.
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Re: According to the Federal Deposit Insurance Corporation, 43 U [#permalink] New post 16 May 2013, 22:01
1.Atleast 1 failure in 2008 and atleast 10 failure in 2010: 5 states {California, Florida, Georgia, Illinois and 21 other states and UT}
Of these 5, # that experienced a decline in number of failures from 2010 to 2011 = 3 {California, Florida, Illinois}
TRUE

2.Across the US states and territories that each experienced more than 45 bank failures in the time frame displayed, less than a third of all bank failures that occurred during the time frame displayed occurred in 2010.
# greater than 45 failures = 3 {Florida, Georgia and Illinois}
Total # failures of F,G and I in the given timeframe = 180 and 1/3rd of this = 60
Total # failures of F,G and I in 2010 = 66
66 is greater than 1/3rd of 180
hence FALSE

3.The total number of bank failures in the 44 US states and territories included in the table grew from 2009 to 2010.
# failures in 2009 = 137
# failures in 2010 = 157
TRUE
Re: According to the Federal Deposit Insurance Corporation, 43 U   [#permalink] 16 May 2013, 22:01
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