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Since it has become known that several of a bank's top

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Re: Since it has become known that several of a bank's top [#permalink] New post 16 Apr 2014, 18:04
Expert's post
nidhi12 wrote:
OA?
What is the official answer? A?
Why not B?


The OA is A.

B is incorrect because the second boldface is not the main conclusion of the argument. the main conclusion of the argument is "Such reasoning might well be overoptimistic"
Conclusions are not facts; they are opinions of the author. The second boldface is a premise, a fact given to you. It is not the author's opinion and hence not the conclusion.
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Re: How is first BF a conclusion [#permalink] New post 03 Jul 2014, 12:06
To e-gmat

As per session given by Chiranjeev, something that author believes i.e his opinion can be regarded as intermediate conclusion.
Here in the correct choice - A, the first boldface is taken as a conclusion.
I actually scoped it out because of the reason given above.
Also, Why E is wrong here.
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Re: Since it has become known that several of a bank's top [#permalink] New post 03 Jul 2014, 20:34
I am Never Good at these type of CR. Please help me with some Document on these.

I marked (D) and Guess I was completely wrong with this one.
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Re: Since it has become known that several of a bank's top [#permalink] New post 06 Jul 2014, 19:34
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karna2129 wrote:
I am Never Good at these type of CR. Please help me with some Document on these.

I marked (D) and Guess I was completely wrong with this one.


I assume you are having trouble with bold face questions. Here are a couple of posts on these that might help you:

http://www.veritasprep.com/blog/2013/03 ... -the-gmat/
http://www.veritasprep.com/blog/2014/01 ... questions/

For the solution of this question, check: since-it-has-become-known-that-several-of-a-bank-s-top-136001.html#p1112808
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Re: Since it has become known that several of a bank's top [#permalink] New post 07 Jul 2014, 21:00
Expert's post
rajgurinder wrote:
To e-gmat

As per session given by Chiranjeev, something that author believes i.e his opinion can be regarded as intermediate conclusion.
Here in the correct choice - A, the first boldface is taken as a conclusion.
I actually scoped it out because of the reason given above.
Also, Why E is wrong here.


Hi Gurinder

Thanks for writing to us. :)

Before we go on to discussing the correct answer choice, I would like to request you to share your passage analysis with us. Accordingly, please identify each statement as a fact or an opinion and the role played by the boldface portions with respect to the main conclusion of the argument.

Also, please share your understanding of answer choices A and E.

I would specifically want you to reconsider option A. Does it describe first boldface portion as a conclusion? Or does choice A call the first boldface as evidence?

(A) The first describes evidence that has been taken as supporting a conclusion; the second gives a reason for questioning that support.

Your analysis would help me in not only addressing this particular doubt but also any possible gaps in your conceptual understanding. Hope you’ll appreciate the same. :)

Thanks!
Dolly
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Re: Since it has become known that several of a bank's top [#permalink] New post 13 Jul 2014, 08:22
Since it has become known that several of a bank's top executives have been buying shares in their own bank, the bank's depositors, who had been worried by rumors that the bank faced impending financial collapse, have been greatly relieved. They reason that, since top executives evidently have faith in the bank's financial soundness, those worrisome rumors must be false. Such reasoning might well be overoptimistic, however, since corporate executives have been known to buy shares in their own company in a calculated attempt to dispel negative rumors about the company's health.


My analysis

please correct if i am wrong:-
A circumstance is something that is happening currently.

several of a bank's top executives have been buying shares in their own bank - FACT/Circumstance
the bank's depositors, who had been worried by rumors that the bank faced impending financial collapse, have been greatly relieved. - A circumstance
Such reasoning might well be overoptimistic - Conclusion
Corporate executives have been known to buy shares in their own company in a calculated attempt to dispel negative rumors about the company's health - Evidence/Fact supporting a conclusion

Options:-
A) The first describes evidence that has been taken as supporting a conclusion; the second gives a reason for questioning that support.

As per session given by Chiranjeev, something that author believes i.e his opinion can be regarded as intermediate conclusion.
Here in the correct choice - A, the first boldface is taken as a conclusion.

(E) The first describes the circumstance that the argument as a whole seeks to explain; the second provides evidence in support of the explanation that the argument seeks to establish.

Here the argument is explaining why the FIRST BOLDFACE happens, in SECOND BOLDFACE he provides evidence for the explaining that argument seeks to establish(conclusion)
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Re: Since it has become known that several of a bank's top [#permalink] New post 16 Jul 2014, 01:44
Expert's post
rajgurinder wrote:
Since it has become known that several of a bank's top executives have been buying shares in their own bank, the bank's depositors, who had been worried by rumors that the bank faced impending financial collapse, have been greatly relieved. They reason that, since top executives evidently have faith in the bank's financial soundness, those worrisome rumors must be false. Such reasoning might well be overoptimistic, however, since corporate executives have been known to buy shares in their own company in a calculated attempt to dispel negative rumors about the company's health.


My analysis

please correct if i am wrong:-
A circumstance is something that is happening currently.

several of a bank's top executives have been buying shares in their own bank - FACT/Circumstance
the bank's depositors, who had been worried by rumors that the bank faced impending financial collapse, have been greatly relieved. - A circumstance
Such reasoning might well be overoptimistic - Conclusion
Corporate executives have been known to buy shares in their own company in a calculated attempt to dispel negative rumors about the company's health - Evidence/Fact supporting a conclusion


Hi Gurinder

Thanks for your response! :)

Your analysis of the statements is quite correct; however, you haven’t presented your analysis for the following statement:

“They reason that, since top executives evidently have faith in the bank's financial soundness, those worrisome rumors must be false.”


Also, is a circumstance always something that is happening currently or can it also be a set of facts that are not time bound?

"Such reasoning might well be overoptimistic" – This is the main conclusion of the argument.
Quote:

Options:-
A) The first describes evidence that has been taken as supporting a conclusion; the second gives a reason for questioning that support.

As per session given by Chiranjeev, something that author believes i.e his opinion can be regarded as intermediate conclusion.
Here in the correct choice - A, the first boldface is taken as a conclusion.
As I mentioned in my previous comment, I would want you to reconsider option A. Does it describe first boldface portion as a conclusion? Or does choice A call the first boldface as evidence?
(A) The first describes evidence that has been taken as supporting a conclusion; the second gives a reason for questioning that support.


You have not understood option A correctly. BF is stated as evidence that has been taken as supporting a conclusion. In other words, BF is evidence that supports something. What is this something? It is a conclusion. Now is this conclusion the author’s conclusion? To determine the same, you need to define the role of the statement that you have missed in your analysis. Accordingly, please decide whether the conclusion presented in the highlighted portion is by the author or the bank depositors:

They reason that, since top executives evidently have faith in the bank's financial soundness, those worrisome rumors must be false.

Second thing, in BF questions is there a difference between a conclusion and the conclusion? Can’t a third party make “a” conclusion in such arguments? Accordingly, the conclusion highlighted above is an intermediate conclusion by the author or “a” conclusion made by a third party?

Quote:
(E) The first describes the circumstance that the argument as a whole seeks to explain; the second provides evidence in support of the explanation that the argument seeks to establish.

Here the argument is explaining why the FIRST BOLDFACE happens, in SECOND BOLDFACE he provides evidence for the explaining that argument seeks to establish(conclusion)


Let me ask you a question here. Is the purpose of the argument to explain why the bank depositor’s act in a certain way or is to call in question the reason for their behaviour? Look at the main conclusion again and decide over this.

Please do let me know what you think. :)

Dolly
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Re: Since it has become known that several of a bank's top [#permalink] New post 07 Aug 2014, 02:16
nidhi12 wrote:
OA?
What is the official answer? A?
Why not B?

Its clearly A..
the second statement is not a conclusion at all..the main conclusion is the one that tells us about the optimism..the second statement is infact a fact or a reason that supports the main conclusion..


hope that helps :)
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Re: Since it has become known that several of a bank's top   [#permalink] 07 Aug 2014, 02:16
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