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Over the past seven years, private college tuition rates

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Re: CR - private college tuition rates [#permalink] New post 14 Nov 2010, 08:46
D. # of students going down results in loss of revenue. However this loss is offset by increasing tuition to such an extent that it covers for loss due to # of students decreasing

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Re: CR - private college tuition rates [#permalink] New post 21 Nov 2010, 16:02
This was fairly easy - D no question. Some of the options had nothing to do with the question. Does anyone know what level this question is? 500? 600?

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Re: CR - private college tuition rates [#permalink] New post 21 Nov 2010, 22:54
I am with D
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Re: CR - private college tuition rates [#permalink] New post 22 Nov 2010, 17:29
Expert's post
u0422811 wrote:
This was fairly easy - D no question. Some of the options had nothing to do with the question. Does anyone know what level this question is? 500? 600?

Thanks.


Of concern should be only three buckets - 700 and above, 600 - 700, sub 600. This question is sub 600 (I would say more towards 450 - 500).
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Re: CR - private college tuition rates [#permalink] New post 25 Jan 2011, 09:20
Clearly D.
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Re: CR - private college tuition rates [#permalink] New post 25 Jan 2011, 19:20
D. Easy one. Clearly resolves the paradox
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Re: CR - private college tuition rates [#permalink] New post 18 May 2011, 01:40
D is clean
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Re: Over the past seven years, private college tuition rates [#permalink] New post 09 Jun 2012, 01:34
Best choice is "D" as it explains the meaning .................................. n completely satisfies above written text....:)
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Re: Over the past seven years, private college tuition rates [#permalink] New post 09 Jun 2012, 09:12
D sounds correct to me too..
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Re: Over the past seven years, private college tuition rates [#permalink] New post 09 Jun 2012, 10:25
qhoc0010 wrote:
Over the past seven years, private college tuition rates have increased, resulting in a large decrease in private college attendance across the country. Private college revenues, however, have progressively increased in each of the seven years during this period, and researchers predict further increases in the years to come.

Which of the following, if true, offers the best explanation for the situation described above?

(D) The decrease in students attending private colleges over the last seven years has been more than offset by the increases in tuition.


I choose the correct answer by POE.

Argument evaluation: Over the last 7 years, private college tuition rates have increased => a large decrease in private college attendance
However, the Private college revenues have been still increasing each year.

There is only one explanation (to me). P (price) x N (number) = R (revenue)

P increase x N decrease = R still increase
=> the percentage of increasing P is over the percentage of decreasing N in term of balance point.

E.g: P old = 100
N old = 100
=> R old = 10.000

P new = 200
N new = 80
=> R new = 200 x 80 = 16.000

P increase 100%, N decrease 20% => choice D is the final choice.

Explanation for other wrong answers.

(A) Most private colleges increase tuition rates approximately once every two years.
The times of increase tuition rates in one or two years really does not relate to the increasing revenue's explanation. So, out of scope.
(B) Attendance at vocational schools generally exceeds attendance at private colleges in most cities.
Another out of scope answer
(C) The increase in tuition rates at private colleges has influenced many prospective students to seek a state scholarship to attend a public university.
Scholarship is still irrelevant answer
(E) Private colleges gain a larger percentage of their revenue from alumni contributions than do public universities.
The argument does not mention any comparison between the private colleges gain and public universities. Hence, out of scope
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Re: Over the past seven years, private college tuition rates [#permalink] New post 11 Nov 2013, 10:33
D it is....
all other options are out of scope.
Re: Over the past seven years, private college tuition rates   [#permalink] 11 Nov 2013, 10:33
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