Find all School-related info fast with the new School-Specific MBA Forum

It is currently 02 Sep 2015, 19:24
GMAT Club Tests

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

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

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:
Manager
Manager
avatar
Joined: 26 Mar 2008
Posts: 100
Schools: Tuck, Duke
Followers: 1

Kudos [?]: 30 [0], given: 0

During the past year, Pro-Tect Insurance Company's total [#permalink] New post 05 Oct 2008, 19:44
5
This post was
BOOKMARKED
00:00
A
B
C
D
E

Difficulty:

  55% (hard)

Question Stats:

67% (02:52) correct 33% (02:03) wrong based on 149 sessions
During the past year, Pro-Tect Insurance Company's total payout on car-theft claims has been larger than the company can afford to sustain. Pro-Tect cannot reduce the number of car-theft policies it carries, so it 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 such 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 and the second are both evidence offered by the argument as support for its main conclusion.
(B) The first presents a problem a response to which the argument assesses; the second is the judgment reached by that assessment.
(C) The first is the position the argument seeks to establish; the second is a judgment the argument uses to support that position.
(D) The first is a development that the argument seeks to explain; the second is a prediction the argument makes in support of the explanation it offers.
(E) The first presents a development whose likely outcome is at issue in the argument; the second is a judgment the argument uses in support of its conclusion about that outcome.


[Reveal] Spoiler:
I don't have OA for this one.IMO D
[Reveal] Spoiler: OA

Last edited by JarvisR on 07 Jul 2015, 02:15, edited 1 time in total.
Added OA & moved the comments under spoiler
Intern
Intern
avatar
Joined: 17 Oct 2007
Posts: 46
Followers: 0

Kudos [?]: 50 [0], given: 61

GMAT ToolKit User
Re: During the past year, Pro-Tect Insurance Company's total [#permalink] New post 05 Oct 2008, 20:34
IMO, it is C.
1 KUDOS received
Intern
Intern
User avatar
Joined: 22 Jul 2008
Posts: 43
Followers: 1

Kudos [?]: 7 [1] , given: 0

Re: During the past year, Pro-Tect Insurance Company's total [#permalink] New post 05 Oct 2008, 21:27
1
This post received
KUDOS
IMO "E"
_________________

Nik...
Score Big
time is Less WORK is more

Manager
Manager
avatar
Joined: 25 May 2008
Posts: 196
Followers: 1

Kudos [?]: 6 [0], given: 0

Re: During the past year, Pro-Tect Insurance Company's total [#permalink] New post 06 Oct 2008, 05:00
The second is a conclusion, so i think is B.
VP
VP
avatar
Joined: 17 Jun 2008
Posts: 1404
Followers: 8

Kudos [?]: 170 [0], given: 0

Re: During the past year, Pro-Tect Insurance Company's total [#permalink] New post 06 Oct 2008, 09:36
arorag wrote:
During the past year, Pro-Tect Insurance Company's total payout on car-theft claims has been larger than the company can afford to sustain. Pro-Tect cannot reduce the number of car-theft policies it carries, so it 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 such 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 and the second are both evidence offered by the argument as support for its main conclusion. -> this is OUT 1st and 2nd are different situations all together

(B) The first presents a problem a response to which the argument assesses; the second is the judgment reached by that assessment.
-> this is correct ,first is a problem in situation for which second is a judgement

(C) The first is the position the argument seeks to establish; the second is a judgment the argument uses to support that position. ->
first is not a position which argument establishes

(D) The first is a development that the argument seeks to explain; the second is a prediction the argument makes in support of the explanation it offers. -> seond is not a prediction

(E) The first presents a development whose likely outcome is at issue in the argument; the second is a judgment the argument uses in support of its conclusion about that outcome. -> likely outcome is not at issue !!!



I don't have OA for this one.IMO D

First and second are two different scenarios infact opposing ones
First is the concln that argument rejects , second is a premise+concl which argument concludes
_________________

cheers
Its Now Or Never

Senior Manager
Senior Manager
avatar
Joined: 31 Jul 2008
Posts: 308
Followers: 1

Kudos [?]: 29 [0], given: 0

Re: During the past year, Pro-Tect Insurance Company's total [#permalink] New post 06 Oct 2008, 11:30
i think it shud be B

as he first sentence is a problem (i dnt think we can call it a development)

and the last is just a prediction which is based on the assesment that people will respond +vely to the company's new policy
Intern
Intern
avatar
Joined: 13 Aug 2010
Posts: 1
Followers: 0

Kudos [?]: 0 [0], given: 0

Re: During the past year, Pro-Tect Insurance Company's total [#permalink] New post 25 Nov 2010, 06:42
OA is B
Expert Post
1 KUDOS received
Veritas Prep GMAT Instructor
User avatar
Joined: 16 Oct 2010
Posts: 5867
Location: Pune, India
Followers: 1483

Kudos [?]: 7989 [1] , given: 190

Re: During the past year, Pro-Tect Insurance Company's total [#permalink] New post 25 Nov 2010, 13:44
1
This post received
KUDOS
Expert's post
1
This post was
BOOKMARKED
arorag wrote:
During the past year, Pro-Tect Insurance Company's total payout on car-theft claims has been larger than the company can afford to sustain. Pro-Tect cannot reduce the number of car-theft policies it carries, so it 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 such 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 and the second are both evidence offered by the argument as support for its main conclusion.
(B) The first presents a problem a response to which the argument assesses; the second is the judgment reached by that assessment.
(C) The first is the position the argument seeks to establish; the second is a judgment the argument uses to support that position.
(D) The first is a development that the argument seeks to explain; the second is a prediction the argument makes in support of the explanation it offers.
(E) The first presents a development whose likely outcome is at issue in the argument; the second is a judgment the argument uses in support of its conclusion about that outcome.


I don't have OA for this one.IMO D



So we break down the stimulus

Main conclusion: Pro-Tect's plan is likely to reduce its annual payouts.

During the past year, Pro-Tect Insurance Company's total payout on car-theft claims has been larger than the company can afford to sustain. - a premise
Pro-Tect cannot reduce the number of car-theft policies it carries, so it cannot protect itself against continued large payouts that way. - Pro-Tect's judgment used to build the argument
Therefore, Pro-Tect has decided to offer a discount to holders of car-theft policies whose cars have antitheft devices. - a premise
Many policyholders will respond to the discount by installing such devices, since the amount of the discount will within two years typically more than cover the cost of installation. - a judgment but it is used to support the main conclusion of the argument.
[b] cars with antitheft devices are rarely stolen - a premise

One thing I do not like in this question is that the second bold sentence has both the main conclusion and a premise in it. Generally, even if a sentence has both a premise and a conclusion, only one part is kept bold.

We see option (A) is definitely out.
(B) does explain the roles of the two boldface statements. The first statement is a solution that will not work - so a problem. The argument assesses it and offers an alternate solution - the judgment or conclusion, if you may- in second statement.
(C) is out since the first is not the position the argument is trying to establish. ('position argument is trying to establish' means 'main conclusion')
(D) is out because the first statement is not a development that the argument seeks to explain.
(E) is out because first statement is not a development whose outcome is at issue.

Answer (B).
_________________

Karishma
Veritas Prep | GMAT Instructor
My Blog

Get started with Veritas Prep GMAT On Demand for $199

Veritas Prep Reviews

GMAT Club Legend
GMAT Club Legend
User avatar
Joined: 01 Oct 2013
Posts: 5097
Followers: 529

Kudos [?]: 105 [0], given: 0

Premium Member
Re: During the past year, Pro-Tect Insurance Company's total [#permalink] New post 05 Jul 2014, 21:34
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).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
Intern
Intern
avatar
Joined: 25 Mar 2014
Posts: 33
Followers: 0

Kudos [?]: 19 [0], given: 38

Re: During the past year, Pro-Tect Insurance Company's total [#permalink] New post 04 Sep 2014, 11:47
As a non native speaker, I could not understand the alternative B. Can someone rephrase it for me? =)
Manager
Manager
avatar
Joined: 06 Jul 2011
Posts: 133
Followers: 0

Kudos [?]: 35 [0], given: 240

Re: During the past year, Pro-Tect Insurance Company's total [#permalink] New post 31 Jul 2015, 04:45
plaverbach wrote:
As a non native speaker, I could not understand the alternative B. Can someone rephrase it for me? =)



(B)The first presents a problem a response to which the argument assesses; the second is the judgment reached by that assessment.

The first statement says that this is a problem - Pro-Tect cannot reduce the number of car-theft policies it carries, so it cannot protect itself against continued large payouts that way. - whose solution we are trying to find in subsequent arguments. That is the case because subsequent statements talk about solving the problem. The second is a judgement means conclusion that we reached after the analysis.

Here is a brief analysis of all the options -

(A) The first and the second are both evidence offered by the argument as support for its main conclusion.

Incorrect. Second is the main conclusion of the question and it doesn't give any evidence. First is also not an evidence technically.

(B) The first presents a problem a response to which the argument assesses; the second is the judgment reached by that assessment.

Correct. Explained above.

(C)The first is the position the argument seeks to establish; the second is a judgment the argument uses to support that position.

Incorrect. The first is not the position the argument seeks to establish i.e. First statement is not the conclusion of the argument. Second is the judgement used to support first --> wrong. Second is the main conclusion.

(D)) The first is a development that the argument seeks to explain; the second is a prediction the argument makes in support of the explanation it offers.

The first is not a development and subsquent arguements don't explain anything. The first BF is left by itself. Next statements introduce new issues altogether.

(E) The first presents a development whose likely outcome is at issue in the argument; the second is a judgment the argument uses in support of its conclusion about that outcome. - same as (D)
Re: During the past year, Pro-Tect Insurance Company's total   [#permalink] 31 Jul 2015, 04:45
    Similar topics Author Replies Last post
Similar
Topics:
Experts publish their posts in the topic During the past year, Pro-Tect Insurance Company’s total souvik101990 2 17 Dec 2014, 05:15
Experts publish their posts in the topic During the past year, Pro-Tect Insurance Company's total jkaustubh 4 02 Apr 2013, 17:55
During the past year, Pro-Tect Insurance Company s total ankur55 9 22 Jul 2009, 20:24
11 Experts publish their posts in the topic During the past year, Pro-Tect Insurance Company s total goalsnr 13 26 May 2008, 07:33
During the past year, Pro-Tect Insurance Company s total asaf 14 28 Jul 2007, 12:27
Display posts from previous: Sort by

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

  Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.