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29 Nov 2024, 01:30
Kudos
Bookmarks
E
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
75%
(hard)
Question Stats:
37% (01:06) correct
63%
(00:53)
wrong
based on 154
sessions
History
Date
Time
Result
Not Attempted Yet
Anne and Bill each invested in both stocks and bonds in 2007. Who had a higher percent return on their total investment in stocks and bonds?
(1) Anne had a higher percent return than Bill on stocks in 2007.
(2) Anne had a higher percent return than Bill on bonds in 2007.
(1) Anne had a higher percent return than Bill on stocks in 2007.
(2) Anne had a higher percent return than Bill on bonds in 2007.
29 Nov 2024, 05:33
Kudos
Bookmarks
The answer is C.
(1) What if Bills had a higher percent return than Anne on bonds in 2007? In this case, we are not sure whether Anne had a higher percent return on her total investment in stocks and bonds. Insufficient
(2) Same as (1), what if Bills had a higher percent return than Anne on stocks in 2007? Insufficient
Combined (1) and (2), we are sure that Anne had a higher percent return on both stocks and bonds. Sufficient-----> C
(1) What if Bills had a higher percent return than Anne on bonds in 2007? In this case, we are not sure whether Anne had a higher percent return on her total investment in stocks and bonds. Insufficient
(2) Same as (1), what if Bills had a higher percent return than Anne on stocks in 2007? Insufficient
Combined (1) and (2), we are sure that Anne had a higher percent return on both stocks and bonds. Sufficient-----> C
Bunuel
What we need to find is w ho had a higher percent return on their total investment in stocks and bonds?
If Stocks is S and Bonds is B
does Anne's percent return is higher than Bills Percent return
A) Only S% return is greater for Anne - insufficient
B) Only B% return is greater for Anne - insufficient
Combining both, we wont get what we wanted as we don't know what the BASES ( investments) are
are they weighted heavily in bonds? in stocks?
so even if we know anne had greater return% in both cases We cant comment about the total investment
(
So E is correct
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