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

It is currently 21 May 2013, 15:22
Customize  |  Hide

In a certain business, production index p is directly

  Question banks Downloads My Bookmarks Reviews  
Author Message
TAGS:
Manager
Manager
User avatar
Joined: 17 Dec 2005
Posts: 164
Followers: 1

Kudos [?]: 2 [0], given: 0

In a certain business, production index p is directly [#permalink] New post 15 Jun 2006, 01:16
00:00

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions
In a certain business, production index p is directly proportional to efficiency index e, which is in turn directly proportional to investment index i. What is p if i=70?

condition 1: e = 0.5 whenever i = 60.

condition 2: p = 2.0 whenever i = 50.

Please explain the rationale behind your answer choice. Thanks.
GMAT Club Legend
GMAT Club Legend
User avatar
Joined: 07 Jul 2004
Posts: 5134
Location: Singapore
Followers: 9

Kudos [?]: 87 [0], given: 0

GMAT Tests User
 [#permalink] New post 15 Jun 2006, 01:53
p = ae
e = bi
so p=abi

St1:
p = abi
i = 60, e = 0.5, so the factor b must be 1/120. If i = 70, e = 7/12. We can't solve as we cannot derive the factor a.

St2:

p = abi
2 = (a)(b)(50)
ab = 2/50 = 1/25

So if i = 70, p = abi = (1/25)(70). Sufficient.

Ans B
Director
Director
Joined: 26 Sep 2005
Posts: 588
Location: Munich,Germany
Followers: 1

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

GMAT Tests User
 [#permalink] New post 15 Jun 2006, 06:56
clearly B.

stmt 1 --insuff gives us no data on how e and i are related

stmt 2-- gives us that relation , basically , (70*2)/50=2.8
Manager
Manager
User avatar
Joined: 17 Dec 2005
Posts: 164
Followers: 1

Kudos [?]: 2 [0], given: 0

 [#permalink] New post 15 Jun 2006, 13:54
ywilfred wrote:
p = ae
e = bi
so p=abi

St1:
p = abi
i = 60, e = 0.5, so the factor b must be 1/120. If i = 70, e = 7/12. We can't solve as we cannot derive the factor a.

St2:

p = abi
2 = (a)(b)(50)
ab = 2/50 = 1/25

So if i = 70, p = abi = (1/25)(70). Sufficient.

Ans B


Great! thanks for the explanation. A quick question, so when they say directly proportional, just sub any variable "a" into the equation.

p = ae
e = bi

a,b are just random variables assigned to represent the proportional relationship btw p and e and e and i.

Just want to make sure.
Director
Director
User avatar
Joined: 28 Dec 2005
Posts: 764
Followers: 1

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

GMAT Tests User
 [#permalink] New post 15 Jun 2006, 19:31
Yes, but you're better off not calling them variables a and b, but denoting them as constants K1, K2 etc....just to avoid confusion.
GMAT Club Legend
GMAT Club Legend
User avatar
Joined: 07 Jul 2004
Posts: 5134
Location: Singapore
Followers: 9

Kudos [?]: 87 [0], given: 0

GMAT Tests User
 [#permalink] New post 15 Jun 2006, 19:37
mrmikec wrote:
ywilfred wrote:
p = ae
e = bi
so p=abi

St1:
p = abi
i = 60, e = 0.5, so the factor b must be 1/120. If i = 70, e = 7/12. We can't solve as we cannot derive the factor a.

St2:

p = abi
2 = (a)(b)(50)
ab = 2/50 = 1/25

So if i = 70, p = abi = (1/25)(70). Sufficient.

Ans B


Great! thanks for the explanation. A quick question, so when they say directly proportional, just sub any variable "a" into the equation.

p = ae
e = bi

a,b are just random variables assigned to represent the proportional relationship btw p and e and e and i.

Just want to make sure.


yes, I used a and b to represent the proportional constant. you can use anything you like, so long as it doesn't confuse you =)
Manager
Manager
Joined: 14 Mar 2006
Posts: 217
Followers: 1

Kudos [?]: 2 [0], given: 0

GMAT Tests User
 [#permalink] New post 15 Jun 2006, 19:40
B aswell

stmt 1 does not give the ratio between p and i
stmt 2 does.
SVP
SVP
User avatar
Joined: 30 Mar 2006
Posts: 1744
Followers: 1

Kudos [?]: 12 [0], given: 0

GMAT Tests User
 [#permalink] New post 15 Jun 2006, 23:28
Cleary B

P = xe and e =yi
Hence p= xyi

1) e = 0.5 when i =60 But we still don't know x
Henc insuff

2) p =2 when i = 50

Hence p = 2/50 * 70 , when i = 70
Director
Director
User avatar
Joined: 06 May 2006
Posts: 791
Followers: 3

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

GMAT Tests User
 [#permalink] New post 16 Jun 2006, 08:14
Point to be kept in mind here is -
If x proportional to y and y proportional to z, then x is also proportional to z.

Answer is B.
CEO
CEO
User avatar
Joined: 20 Nov 2005
Posts: 2934
Schools: Completed at SAID BUSINESS SCHOOL, OXFORD - Class of 2008
Followers: 7

Kudos [?]: 37 [0], given: 0

GMAT Tests User
 [#permalink] New post 16 Jun 2006, 11:56
Straight B.

p is directly proportional to e and e is directly proportional to i. So p is directly proportional to i.
_________________

SAID BUSINESS SCHOOL, OXFORD - MBA CLASS OF 2008

  [#permalink] 16 Jun 2006, 11:56
    Similar topics Author Replies Last post
Similar
Topics:
New posts In a certain formula, p is directly proportional to s and Curly05 2 06 Aug 2003, 08:54
New posts In a certain formula, p is directly proportional to s and tingle 2 09 Oct 2005, 22:26
Popular new posts 1 EXPERTS_POSTS_IN_THIS_TOPIC In a certain business, production index p is directly Superhuman 10 07 May 2008, 00:49
New posts Production index p is directly proportional to efficiency judokan 4 25 Jun 2008, 07:22
New posts 1 EXPERTS_POSTS_IN_THIS_TOPIC In a certain industry, production index x is directly propor megafan 6 05 Feb 2013, 18:25
Display posts from previous: Sort by

In a certain business, production index p is directly

  Question banks Downloads My Bookmarks Reviews  


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®.