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Learn what truly sets the UC Riverside MBA apart and how it helps in your professional growth
01 Dec 2023, 12:45
Kudos
Bookmarks
Letter by Class Agent.
Dear fellow alumni,
As we approach the 10th anniversary of our college graduation, I am reminded of all the things that made our time in college special: our idyllic campus, the academic rigor fostered by our exceptional faculty, and, above all, the excellence and diversity of the student body.
As you know, the College is committed to maintaining this diversity and the rigorous education its students reccive, even in the facc of rising costs. While other institutions, in order to combat these costs, have expanded their student classes so that they could increase their overall tuition revenues, our alma mater has resisted such student growth, choosing instead to safeguard its preciously low student-to-faculty ratio—which is a great benefit for students. With a total enrollment of 1600 students in 2010, the College remains one of the smallest liberal arts schools of its kind. Furthermore, the College has increased its average financial aid package every year over the past 25 years, and has offered this aid to an increasing percentage of its student population, in order to ensure that all deserving students can afford to attend, regardless of their financial circum-stances.
This commitment to the students must be financed somehow. This is where we come in: the Alumni Fund directly supports student financial aid. In 2010, 46% of our class of 320 members contributed to the fund, and the total donations were enough to finance exactly two-thirds of one financial aid package. This year we have set a goal of 55% participation. Will you join me in helping today’s bright students afford the same excellent education that we received?
Dear fellow alumni,
As we approach the 10th anniversary of our college graduation, I am reminded of all the things that made our time in college special: our idyllic campus, the academic rigor fostered by our exceptional faculty, and, above all, the excellence and diversity of the student body.
As you know, the College is committed to maintaining this diversity and the rigorous education its students reccive, even in the facc of rising costs. While other institutions, in order to combat these costs, have expanded their student classes so that they could increase their overall tuition revenues, our alma mater has resisted such student growth, choosing instead to safeguard its preciously low student-to-faculty ratio—which is a great benefit for students. With a total enrollment of 1600 students in 2010, the College remains one of the smallest liberal arts schools of its kind. Furthermore, the College has increased its average financial aid package every year over the past 25 years, and has offered this aid to an increasing percentage of its student population, in order to ensure that all deserving students can afford to attend, regardless of their financial circum-stances.
This commitment to the students must be financed somehow. This is where we come in: the Alumni Fund directly supports student financial aid. In 2010, 46% of our class of 320 members contributed to the fund, and the total donations were enough to finance exactly two-thirds of one financial aid package. This year we have set a goal of 55% participation. Will you join me in helping today’s bright students afford the same excellent education that we received?
If in 2011 the average financial aid package is the same as it was in 2010, the class of ’02 will fund a full scholarship if half the members of the class contribute at least $187.50 on average.: Yes
The total amount that the class of ’02 contributed to the Annual Fund in 2010 would have been sufficient to fund one full scholarship in 2000.: Yes
165 of the members of the class of ’02 contributed to the Alumni Fund in 2010.: No
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:
34% (03:58) correct
66%
(03:52)
wrong
based on 338
sessions
History
Date
Time
Result
Not Attempted Yet
1. For each of the following statements, select Yes if the statement is reasonably inferable from the information provided. Otherwise, select No.
| Yes | No | |
| If in 2011 the average financial aid package is the same as it was in 2010, the class of ’02 will fund a full scholarship if half the members of the class contribute at least $187.50 on average. | ||
| The total amount that the class of ’02 contributed to the Annual Fund in 2010 would have been sufficient to fund one full scholarship in 2000. | ||
| 165 of the members of the class of ’02 contributed to the Alumni Fund in 2010. |
ShowHide Answer
Official Answer
If in 2011 the average financial aid package is the same as it was in 2010, the class of ’02 will fund a full scholarship if half the members of the class contribute at least $187.50 on average.: Yes
The total amount that the class of ’02 contributed to the Annual Fund in 2010 would have been sufficient to fund one full scholarship in 2000.: Yes
165 of the members of the class of ’02 contributed to the Alumni Fund in 2010.: No
26.9 million
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
35%
(medium)
Question Stats:
70% (01:22) correct
30%
(01:18)
wrong
based on 319
sessions
History
Date
Time
Result
Not Attempted Yet
2. Approximately what was the total amount of financial aid that the College offered to its students in 2010?
| 1.6 million | |
| 2.5 million | |
| 21.6 million | |
| 26.9 million | |
| 48 million |
ShowHide Answer
Official Answer
26.9 million
Increasing its average financial aid package each year over the past 25 years: Yes
Not charging higher tuition: No
Maintaining a low student-to-faculty ratio: Yes
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
35%
(medium)
Question Stats:
67% (01:01) correct
33%
(00:55)
wrong
based on 339
sessions
History
Date
Time
Result
Not Attempted Yet
3. For each of the following statements, select Yes if it can be inferred from the given information that the College has chosen to support its student body by the method described in the statement. Otherwise, select No.
| Yes | No | |
| Increasing its average financial aid package each year over the past 25 years | ||
| Not charging higher tuition | ||
| Maintaining a low student-to-faculty ratio |
ShowHide Answer
Official Answer
Increasing its average financial aid package each year over the past 25 years: Yes
Not charging higher tuition: No
Maintaining a low student-to-faculty ratio: Yes
Attachment:
14.jpg [ 104.74 KiB | Viewed 7941 times ]
24 Dec 2023, 06:12
Kudos
Bookmarks
Please provide the official explanation for the 1st Question
28 Dec 2023, 11:40
Kudos
Bookmarks
as.hish404
Official Explanation
1. For each of the following statements, select Yes if the statement is reasonably inferable from the information provided. Otherwise, select No.
Explanation
Statement 1: The average financial aid package in 2010 was $30,000, as you can tell from the graph. The Class Agent mentions that the class of ’02 has 320 members. If half of them contribute in2011, they’ll have to contribute \(\frac{$30,000}{160}\), or $187.50, on average in order to cover one full financial aid package.
Answer: Yes
Statement 2: In 2010, the class of ’02 contributed enough for exactly two-thirds of one financial aid package. The average financial aid package in 2010 was $30,000, so the class contributed $20,000. This is the amount of the average financial aid package in 2000.
Answer: Yes
Statement 3: Forty-six percent of the 320 members of the class contributed to the fund in 2010. That number is 147, not 165.
Answer: No
Explanation
Statement 1: The average financial aid package in 2010 was $30,000, as you can tell from the graph. The Class Agent mentions that the class of ’02 has 320 members. If half of them contribute in2011, they’ll have to contribute \(\frac{$30,000}{160}\), or $187.50, on average in order to cover one full financial aid package.
Answer: Yes
Statement 2: In 2010, the class of ’02 contributed enough for exactly two-thirds of one financial aid package. The average financial aid package in 2010 was $30,000, so the class contributed $20,000. This is the amount of the average financial aid package in 2000.
Answer: Yes
Statement 3: Forty-six percent of the 320 members of the class contributed to the fund in 2010. That number is 147, not 165.
Answer: No
