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During the past year, Pro-Tect Insurance Company s total

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During the past year, Pro-Tect Insurance Company s total [#permalink] New post 26 May 2008, 07:33
00:00
A
B
C
D
E

Difficulty:

  45% (medium)

Question Stats:

24% (02:04) correct 76% (01:28) wrong based on 25 sessions
During the past year, Pro-Tect Insurance Company’s total payouts on car-theft claims
were larger than the company can afford to sustain. Pro-Tect cannot reduce the
number of car-theft policies it carries
, so cannot protect itself against continued large
payouts that way. Therefore, Pro-Tect has decided to offer a discount to holders of
car-theft policies whose cars have antitheft devices
. Many policyholders will respond
to the discount by installing antitheft devices, since the amount of the discount will
within two years typically more than cover the cost of installation. Thus, because cars
with antitheft devices are rarely stolen, Pro-Tect’s plan is likely to reduce its annual
payouts.
In the argument above, the two portions in boldface play which of the following roles?
A. The first rules out a certain strategy for achieving a goal; the second presents the
strategy that was adopted instead and whose effectiveness the argument assesses.
B. The first is a judgment made in support of a certain conclusion; the second is that
conclusion.
C. The first has been used as a consideration to support adopting a certain strategy
for achieving a goal; the second reports a decision to adopt an alternative strategy.
D. The first provides evidence in favor of adopting a certain strategy for achieving a
goal; the second reports a decision to pursue an alternative goal.
E. The first is a consideration offered against adopting a certain strategy for
achieving a goal; the second is the main conclusion that the argument is seeking
to establish.


Discuss your approach to solve this CR.
[Reveal] Spoiler: OA

Last edited by WoundedTiger on 26 Jul 2014, 01:39, edited 1 time in total.
OA updated. GMAT Prep Q
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Re: During the past year, Pro-Tect Insurance Company s total [#permalink] New post 26 May 2008, 07:39
My answer is A.
Don't know how to explain it though, it seems more or less obvious to me :?
hopefully i'm not wrong! :|

Curious, which study material is this from?
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Re: During the past year, Pro-Tect Insurance Company s total [#permalink] New post 26 May 2008, 12:28
A too
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Re: During the past year, Pro-Tect Insurance Company s total [#permalink] New post 26 May 2008, 18:35
goalsnr wrote:
During the past year, Pro-Tect Insurance Company’s total payouts on car-theft claims
were larger than the company can afford to sustain. Pro-Tect cannot reduce the
number of car-theft policies it carries
, so cannot protect itself against continued large
payouts that way. Therefore, Pro-Tect has decided to offer a discount to holders of
car-theft policies whose cars have antitheft devices
. Many policyholders will respond
to the discount by installing antitheft devices, since the amount of the discount will
within two years typically more than cover the cost of installation. Thus, because cars
with antitheft devices are rarely stolen, Pro-Tect’s plan is likely to reduce its annual
payouts.
In the argument above, the two portions in boldface play which of the following roles?
A. The first rules out a certain strategy for achieving a goal; the second presents the
strategy that was adopted instead and whose effectiveness the argument assesses.
B. The first is a judgment made in support of a certain conclusion; the second is that
conclusion.
C. The first has been used as a consideration to support adopting a certain strategy
for achieving a goal; the second reports a decision to adopt an alternative strategy.
D. The first provides evidence in favor of adopting a certain strategy for achieving a
goal; the second reports a decision to pursue an alternative goal.
E. The first is a consideration offered against adopting a certain strategy for
achieving a goal; the second is the main conclusion that the argument is seeking
to establish.


Discuss your approach to solve this CR.


1. The first boldface is a consideration, so A, B and D out
2. The second boldface is NOT a main conclusion, so E out

C
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Re: During the past year, Pro-Tect Insurance Company s total [#permalink] New post 27 May 2008, 04:31
I have really trouble with these kind of questions.

How should I attack these kind of questions? Consideration, Judgment, strategy and etc... So difficult to figure the answer out in 2 min.

I get confused! :twisted:
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Re: During the past year, Pro-Tect Insurance Company s total [#permalink] New post 27 May 2008, 12:53
i think A is best..

all others just dont make sense...
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Re: During the past year, Pro-Tect Insurance Company s total [#permalink] New post 27 May 2008, 14:45
[quote="zoltan"]I have really trouble with these kind of questions.

How should I attack these kind of questions? Consideration, Judgment, strategy and etc... So difficult to figure the answer out in 2 min.

I get confused! :twisted:[/quote

How should I attack these kind of questions? Consideration, Judgment, strategy and etc... So difficult to figure the answer out in 2 min.
Thats teh whole purpose of this thread. For bold face CRs thi sis teh strategy I use:
1. I pick one of the bold statements- Usually the one I understand clearly.
2. I go through the answers choices and eliminate choices which donot adhere to the statement. For example the statement could serve as an evidence, assumption or conclusion in the argument. I use this knowledge as the basis to eliminate answer choices.
3. I repeat step 2 with other statement.

Most of the times this approach works for me.


Gmatnub, Sinha, sondeso...do you guys want to explain your approach too?
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Re: During the past year, Pro-Tect Insurance Company s total [#permalink] New post 27 May 2008, 17:31
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zoltan wrote:
I have really trouble with these kind of questions.

How should I attack these kind of questions? Consideration, Judgment, strategy and etc... So difficult to figure the answer out in 2 min.

I get confused! :twisted:



goalsnr wrote:
Gmatnub, Sinha, sondeso...do you guys want to explain your approach too?


You should go dig the forum "New to this forum". I think, this stuff is useful. For example, you know what is "consideration", what is "evidence"....
There are some tips useful too.

For the boldface, the first and the key is "Should find out exactly what is the [main] conclusion"

I go to the New to Verbal Forum, copy and past here!

Principle: something fundamental that we do not question. This would be somewhat stronger than a fact because it is not specific to a limited number of cases but instead, apply to a broader range of scenarios(and often deeper in meaning). For instance, you will not talk about the principle that crime is increasing in large cities. Instead, it is a fact which applies to large cities. However, you will talk about the principles of Physics or the fundamental principles of Human Rights. I believe principles convey a stronger connotation than mere facts.

Fact: something taken as true at face value (stats, historical events)

Evidence: what is used to support a conclusion (examples, stats, historical events). Although these may include facts, it is usually stronger than facts because they are direct elements needed for the conclusion to stand whereas facts are not necessary for the latter to stand

Pre-evidence: This is a bit of a stretch. It will not often be on the test but it seems very similar to "background" information as described below.

Background:
Elements needed to put the evidence into context but which, as stand alone pieces of information, might not constitute what is called an evidence necessary to arrive at a conclusion. For instance, blood tests performed on one thousand persons may reveal that 35% of those persons were HIV infected. However, the background information could be that the test was performed in more underinformed regions of the world where AIDS knowledge is at a minimum. As you can see, the fact that the test was performed in more underinformed regions is not in and of itself an evidence because it does not allow us to come to a conclusion. Instead, the 35% stats, as a stand-alone piece of info, is what will lead us to the conclusion we want. However, the background info is also crucial and cannot be omitted; it is required background info.

Consideration: Something which was taken into account or given some thought before arriving to the conclusion.

Premise: This is usually a required statement to arrive at a conclusion. Evidence and facts want to prove something to you whereas premises are there to logically lead you to a conclusion. The best example of premises is the ones included in syllogisms. For instance, you can say that(premise1) when it rains, you go outside. Then, it rains(premise2). You have to be outside(conclusion).

Assumption: Unstated information which will link the argument to a logical conclusion. Without this, the argument falls apart.

Conclusion: Self-explanatory

Inference: Something that might not be explicitly stated or proved. For instance, you may say that 95% of GMAT test-takers have over 340. We can reasonably infer that Anthony will get more than 340 on his GMAT based on the fact given. I think the main difference b/w an inference and a conclusion is that the former might not be the final line of an argument. For instance, there could be facts/evidence given, an inference in b/w, and then the conclusion. An inference can be an intermediate step before the conclusion which will sum up the whole passage. Also, a conclusion seems to be stronger because it is based on stronger facts/evidence. As in my previous example, we can reasonably infer that Anthony got 340+ on his GMAT but we cannot conclude that he got 340+. See the nuance?
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Re: During the past year, Pro-Tect Insurance Company s total [#permalink] New post 28 May 2008, 04:05
Thanks for your help.
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Re: During the past year, Pro-Tect Insurance Company s total [#permalink] New post 28 May 2008, 04:12
Thanks for your help.
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Re: During the past year, Pro-Tect Insurance Company s total [#permalink] New post 26 Jul 2014, 01:27
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Hello from the GMAT Club VerbalBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

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Re: During the past year, Pro-Tect Insurance Company s total   [#permalink] 26 Jul 2014, 01:27
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