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A majority of the respondents believe adding a website could benefit their businesses.: Supported
Fewer than 25% of the respondents who believe a website could help expand their customer base also believe a website could help them maintain their current market share.: Supported
Only a small proportion of the respondents are concerned that they are losing market share.: Not supported
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
95%
(hard)
Question Stats:
46% (02:44) correct
54%
(02:45)
wrong
based on 3759
sessions
History
Date
Time
Result
Not Attempted Yet
A company that designs websites primarily for minority-owned businesses conducted a survey of minority-owned businesses in the United States that do not currently have a website. The survey was designed to help determine what respondents see as the potential benefits of adding a website. The results of that survey are shown in the table.
For each of the following conclusions, select Supported if it is supported by the information in the table. Otherwise select Not supported.
| Potential benefit | Latino (459 respondents) | African American (394 respondents) | Asian American (438 respondents) | Native American (279 respondents) |
|---|---|---|---|---|
| Expand customer base | 26% | 29% | 25% | 25% |
| Improve communication | 15% | 4% | 4% | 6% |
| Increase customer satisfaction | 5% | 17% | 28% | 6% |
| Increase ratio of profits to costs | 14% | 19% | 17% | 19% |
| Increase tax savings | 0% | 1% | 0% | 0% |
| Preserve market share | 6% | 6% | 4% | 6% |
| Save time | 4% | 3% | 13% | 2% |
| Other | 3% | 3% | 5% | 4% |
| No benefit | 27% | 17% | 22% | 21% |
| Uncertain | 10% | 11% | 13% | 10% |
For each of the following conclusions, select Supported if it is supported by the information in the table. Otherwise select Not supported.
ID: 100425
| Supported | Not supported | |
| A majority of the respondents believe adding a website could benefit their businesses. | ||
| Fewer than 25% of the respondents who believe a website could help expand their customer base also believe a website could help them maintain their current market share. | ||
| Only a small proportion of the respondents are concerned that they are losing market share. |
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Official Answer
A majority of the respondents believe adding a website could benefit their businesses.: Supported
Fewer than 25% of the respondents who believe a website could help expand their customer base also believe a website could help them maintain their current market share.: Supported
Only a small proportion of the respondents are concerned that they are losing market share.: Not supported
31 Dec 2014, 14:29
Kudos
Bookmarks
Hi JusTLucK04,
The percents in the table are specific enough to help you do a "comparison" instead of a calculation, but if you wanted to see the math, then here it is:
In the first column, we have 459 Latino respondents:
26% think that a website will help to expand the customer base:
26%(459) = about 119
6% think that a website will help maintain/preserve market share:
6%(459) = about 28
The second question in the set asks if the idea that the second number is LESS THAN 25% of the first number.
25%(119) = about 30. Since 28 < 30, this IS a reasonable/supported conclusion.
Now, performing these calculations is NOT really what this question is about (and it's not required either). The "shortcut" is to compare the percentages, since the percentages are both based on the SAME total number of respondents in the survey (and as such, THAT number doesn't really matter to this question).
In the Latino column...is 6% less than 1/4 of 25%.....YES
In the African American column...is 6% less than 1/4 of 29%....YES
In the Asian American column...is 4% less than 1/4 of 25%....YES
In the Native American column...is 6% less than 1/4 of 25%...YES
This is a constant, reasonable conclusion, so the answer to the second question is YES/SUPPORTED.
GMAT assassins aren't born, they're made,
Rich
The percents in the table are specific enough to help you do a "comparison" instead of a calculation, but if you wanted to see the math, then here it is:
In the first column, we have 459 Latino respondents:
26% think that a website will help to expand the customer base:
26%(459) = about 119
6% think that a website will help maintain/preserve market share:
6%(459) = about 28
The second question in the set asks if the idea that the second number is LESS THAN 25% of the first number.
25%(119) = about 30. Since 28 < 30, this IS a reasonable/supported conclusion.
Now, performing these calculations is NOT really what this question is about (and it's not required either). The "shortcut" is to compare the percentages, since the percentages are both based on the SAME total number of respondents in the survey (and as such, THAT number doesn't really matter to this question).
In the Latino column...is 6% less than 1/4 of 25%.....YES
In the African American column...is 6% less than 1/4 of 29%....YES
In the Asian American column...is 4% less than 1/4 of 25%....YES
In the Native American column...is 6% less than 1/4 of 25%...YES
This is a constant, reasonable conclusion, so the answer to the second question is YES/SUPPORTED.
GMAT assassins aren't born, they're made,
Rich
08 Aug 2015, 14:28
Kudos
Bookmarks
Hi anewbeginning,
You bring up a really important point - maybe the people who list 'expand the customer base' are the same people who list 'preserve market share', BUT maybe they're not.
The prompt asks if the conclusion (that LESS than 25% of that first group ALSO is in the second group) is supported. EITHER WAY, it is!
Consider the following data:
26% of 459 Latinos listed "expand their customer base" = 119 people
6% of 459 Latinos listed "preserve market share" = 28 people
IF EVERYONE in the second group was also in the first group, then that would be 28/119 = about 23.5% (and that is the MAXIMUM PERCENT that it could be; if it's a smaller percent, then the conclusion is STILL supported). This relationship exists with EVERY group of people polled; thus, the second point IS SUPPORTED.
GMAT assassins aren't born, they're made,
Rich
You bring up a really important point - maybe the people who list 'expand the customer base' are the same people who list 'preserve market share', BUT maybe they're not.
The prompt asks if the conclusion (that LESS than 25% of that first group ALSO is in the second group) is supported. EITHER WAY, it is!
Consider the following data:
26% of 459 Latinos listed "expand their customer base" = 119 people
6% of 459 Latinos listed "preserve market share" = 28 people
IF EVERYONE in the second group was also in the first group, then that would be 28/119 = about 23.5% (and that is the MAXIMUM PERCENT that it could be; if it's a smaller percent, then the conclusion is STILL supported). This relationship exists with EVERY group of people polled; thus, the second point IS SUPPORTED.
GMAT assassins aren't born, they're made,
Rich
