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According to a recent study on financial roles, one-third of

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Re: According to a recent study on financial roles, one-third of [#permalink]

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New post 27 May 2012, 12:41
C is with high certainty while A is not necessarily certain

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Re: According to a recent study on financial roles, one-third of [#permalink]

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New post 27 May 2012, 20:37
Marked C. A is an opinion and cannot be concluded from the stem. C is the obvious choice.

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Re: According to a recent study on financial roles, one-third of [#permalink]

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New post 07 Jun 2012, 03:25
Let X be the number of High school seniors

High school seniors with significant financial responsibilities = (1/3)X ------------- (1)
High school seniors with bank accounts = 80% of X = 0.8 X ------------------------- (2)
High school seniors with bank accounts that has bounced check = (1/3)(0.8)X --- (3)

Clearly (1) > (3)

C is the answer

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Re: According to a recent study on financial roles, one-third of [#permalink]

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New post 09 Jun 2012, 10:29
Marked E, pity me..
the mistake in E is the use of "students" and not "seniors" which i missed.
Otherwise, C is perfect, logically and mathematically.
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Re: According to a recent study on financial roles, one-third of [#permalink]

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New post 09 Jun 2012, 11:03
Argument evaluation:
1st study, 1/3 of HSS (high school seniors) = "significant financial responsibilities" (= food, shelter, clothing for themselves and families)
2nd study; 80% of HSS never take a personal finance class even though 80% of HSS opened bank accounts
1/3 of these accounts holders has bounced a check

=> easy to choose choice C as the correct one.
c)The number of high school seniors with significant financial responsibilities is greater than the number of seniors who have bounced a check.
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Re: According to a recent study on financial roles, one-third of [#permalink]

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New post 11 Jun 2012, 04:00
C is the correct choice .. use numbers to reach to the sam eanalysis as one-third > (1/3)* 80%
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Re: According to a recent study on financial roles, one-third of [#permalink]

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New post 15 Jul 2012, 00:33
i think the question is wrong. it mentions only percentages. what if only 100 people were surveyed in the first first study and thousand people were surveyed in the second(nowhere is it mentioned the no. of people surveyed is the same). then people having responsibilities is one third of 100=33 approx. now the no. of people whose checks bounced in one third of 80% of 1000=0.3 * 800. which is more than 33. Can the experts throw light on this please?
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Re: According to a recent study on financial roles, one-third of [#permalink]

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New post 15 Jul 2012, 00:46
As far as i have seen, most of math related options (if there is only one among the option) seem to be the OA.

Has anybody else observed this?
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Re: According to a recent study on financial roles, one-third of [#permalink]

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New post 15 Jul 2012, 03:20
vinzycoolfire wrote:
i think the question is wrong. it mentions only percentages. what if only 100 people were surveyed in the first first study and thousand people were surveyed in the second(nowhere is it mentioned the no. of people surveyed is the same). then people having responsibilities is one third of 100=33 approx. now the no. of people whose checks bounced in one third of 80% of 1000=0.3 * 800. which is more than 33. Can the experts throw light on this please?



i guess that your claim about the number of students surveyed would have made an excellent choice if the question had involved finding an assumption that weakens the argument. However, since we are presented with facts here, the default assumption made must be that the 2 surveys involved the same number, or set of people.
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Re: According to a recent study on financial roles, one-third of [#permalink]

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New post 15 Jul 2012, 10:04
well thebigr002 imho in must be true questions the answer choice should be backed by the facts provided to you. that means you cannot assume this. in fact you can actually classify an answer as wrong if it is not backed by the facts provided. so i am still not convinced.
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Re: According to a recent study on financial roles, one-third of [#permalink]

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New post 15 Jul 2012, 23:06
yossarian84 wrote:
According to a recent study on financial roles, one-third of high school seniors say that they have “significant financial responsibilities.” These responsibilities include, but are not limited to, contributing to food, shelter, or clothing for themselves or their families. At the same time, a second study demonstrates that a crisis in money management exists for high school students. According to this study, 80% of high school seniors have never taken a personal finance class even though the same percentage of seniors has opened bank accounts and one-third of these account holders has bounced a check.

Which of the following conclusions can be properly drawn from the statements above?
High schools would be wise to incorporate personal finance classes into their core curricula.
At least one-third of high school seniors work part-time jobs after school.
The number of high school seniors with significant financial responsibilities is greater than the number of seniors who have bounced a check.
Any high school seniors who contribute to food, shelter, or clothing for themselves or their families have significant financial responsibilities.
The majority of high school students have no financial responsibilities to their families.

OA after some discussion.


My option : A
Analysis: Option B false ,because the above info points to 1/3 rd seniors exactly.
Option C: No discussion for checks/bouncing checks is made here.
Option D:These responsibilities include, [highlight]but are not limited to[/highlight]. This says all!!
Option E:This cannot be concluded as the above info says"themselves or their families"

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Re: According to a recent study on financial roles, one-third of [#permalink]

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New post 15 Jul 2012, 23:14
gmadhav wrote:
yossarian84 wrote:
According to a recent study on financial roles, one-third of high school seniors say that they have “significant financial responsibilities.” These responsibilities include, but are not limited to, contributing to food, shelter, or clothing for themselves or their families. At the same time, a second study demonstrates that a crisis in money management exists for high school students. According to this study, 80% of high school seniors have never taken a personal finance class even though the same percentage of seniors has opened bank accounts and one-third of these account holders has bounced a check.

Which of the following conclusions can be properly drawn from the statements above?
High schools would be wise to incorporate personal finance classes into their core curricula.
At least one-third of high school seniors work part-time jobs after school.
The number of high school seniors with significant financial responsibilities is greater than the number of seniors who have bounced a check.
Any high school seniors who contribute to food, shelter, or clothing for themselves or their families have significant financial responsibilities.
The majority of high school students have no financial responsibilities to their families.

OA after some discussion.


My option : A
Analysis: Option B false ,because the above info points to 1/3 rd seniors exactly.
Option C: No discussion for checks/bouncing checks is made here.
Option D:These responsibilities include, [highlight]but are not limited to[/highlight]. This says all!!
Option E:This cannot be concluded as the above info says"themselves or their families"


:oops: Plz ignore my above analysis.Could not read the passage entirely because the page did nt load completely :cry:

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According to a recent study on financial roles, one-third of [#permalink]

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According to a recent study on financial roles, one-third of high school seniors say that they have “significant financial responsibilities.” These responsibilities include, but are not limited to, contributing to food, shelter, or clothing for themselves or their families. At the same time, a second study demonstrates that a crisis in money management exists for high school students. According to this study, 80% of high school seniors have never taken a personal finance class even though the same percentage of seniors has opened bank accounts and one-third of these account holders has bounced a check.

Which of the following conclusions can be properly drawn from the statements above?

A. High schools would be wise to incorporate personal finance classes into their core curricula.

B. At least one-third of high school seniors work part-time jobs after school.

C. The number of high school seniors with significant financial responsibilities is greater than the number of seniors who have bounced a check.

D. Any high school seniors who contribute to food, shelter, or clothing for themselves or their families have significant financial responsibilities.

E. The majority of high school students have no financial responsibilities to their families.


I got this wrong but when I saw the OA I realised my silly mistake!

Edit: by carcass

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Re: According to a recent study on financial roles [#permalink]

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nave81 wrote:
According to a recent study on financial roles, one-third of high school seniors say that they have “significant financial responsibilities.” These responsibilities include, but are not limited to, contributing to food, shelter, or clothing for themselves or their families. At the same time, a second study demonstrates that a crisis in money management exists for high school students. According to this study, 80% of high school seniors have never taken a personal finance class even though the same percentage of seniors has opened bank accounts and one-third of these account holders has bounced a check.

Which of the following conclusions can be properly drawn from the statements above?

A. High schools would be wise to incorporate personal finance classes into their core curricula. we have no information about this

B. At least one-third of high school seniors work part-time jobs after school. same as A

C. The number of high school seniors with significant financial responsibilities is greater than the number of seniors who have bounced a check. correct

D. Any high school seniors who contribute to food, shelter, or clothing for themselves or their families have significant financial responsibilities. we already know this, so is not an inference this statement

E. The majority of high school students have no financial responsibilities to their families. never stated in the stimulus


I got this wrong but when I saw the OA I realised my silly mistake!




nex time please insert the question stem

thanks
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Re: According to a recent study on financial roles [#permalink]

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New post 21 Jan 2013, 19:37
100 students

1/3 have sig financial responsibility.

1/3 of 80 bounce check

33>80/3

C works.

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Re: According to a recent study on financial roles, one-third of [#permalink]

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According to a recent study on financial roles, one-third of high school seniors say that they have “significant financial responsibilities.” These responsibilities include, but are not limited to, contributing to food, shelter, or clothing for themselves or their families. At the same time, a second study demonstrates that a crisis in money management exists for high school students. According to this study, 80% of high school seniors have never taken a personal finance class even though the same percentage of seniors has opened bank accounts and one-third of these account holders has bounced a check.

Which of the following conclusions can be properly drawn from the statements above?

A. High schools would be wise to incorporate personal finance classes into their core curricula. OFS

B. At least one-third of high school seniors work part-time jobs after school. OFS

C. The number of high school seniors with significant financial responsibilities is greater than the number of seniors who have bounced a check.

D. Any high school seniors who contribute to food, shelter, or clothing for themselves or their families have significant financial responsibilities.
Tricky option. Passage does mention about this but in addition it is also mentioned but are not limited to

E. The majority of high school students have no financial responsibilities to their families.
Tricky option. Passage states: one-third of high school seniors say that they have “significant financial responsibilities.” Word significant is key to reject this option

Therefore C.
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Hello from the GMAT Club VerbalBot!

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Re: According to a recent study on financial roles, one-third of [#permalink]

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New post 08 Mar 2014, 05:45
1+ for C

1/3 of all seniors > 1/3 of 80% of seniors

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I choose C, agree with the explanations written so far. One question though, how can you be sure that the number of high school seniors questioned from first study equals to the number of high school seniors from the second study.
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Re: According to a recent study on financial roles, one-third of   [#permalink] 01 Aug 2014, 00:44

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