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Box office receipts for independent movies for the first half of this [#permalink]

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20 Oct 2012, 09:40

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Box office receipts for independent movies for the first half of this year have increased by 20 percent over the total receipts for independent movies for all of last year. Last year, 50 independent movies were released, while so far this year only 20 independent movies have been released. The number of independent movies slated for release in the second half of this year is roughly equal to the number released so far.

If the statements above are true, which of the following must be true?

(A) The total box office receipts for independent movies this year will be significantly more than 20 percent greater than the receipts for independent movies last year.

(B) The number of independent movies released in the first half of this year is equal to the number released in the first half of last year.

(C) The price of a movie ticket has not increased since last year.

(D) The average receipts for the independent films released during the first half of this year is greater than that of all independent films released last year.

(E) The number of people seeing independent movies during the first half of this year is greater than the number who saw independent movies last year.

Re: Box office receipts for independent movies for the first half of this [#permalink]

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20 Oct 2012, 13:32

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nitzz wrote:

Box office receipts for independent movies for the first half of this year have increased by 20 percent over the total receipts for independent movies for all of last year. Last year, 50 independent movies were released, while so far this year only 20 independent movies have been released. The number of independent movies slated for release in the second half of this year is roughly equal to the number released so far.

If the statements above are true, which of the following must be true?

A) The total box office receipts for independent movies this year will be significantly more than 20 percent greater than the receipts for independent movies last year. Not necessarily. If every movie that is going to be released this year bombs badly and generates no receipts the difference wont be significantly higher than 20%.

B) The number of independent movies released in the first half of this year is equal to the number released in the first half of last year. Not necessarily. What if all the movies last year were released in the second half.

C) The price of a movie ticket has not increased since last year. This might infact be even the opposite of what is implied by the passage and is also out of scope.

D) The average receipts for the independent films released during the first half of this year is greater than that of all independent films released last year. 50 movies were released last year. Lets say box office receipts was 100$, Average is 2$. 20 movies released this year. 20% increase in box office receipts. So 120$. Average is 6$. Answer

E) The number of people seeing independent movies during the first half of this year is greater than the number who saw independent movies last year.

Not necessarily. Ticket prices could have been hiked and hence the reason for increased receipts. _________________

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Re: Box office receipts for independent movies for the first half of this [#permalink]

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13 Dec 2012, 05:20

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I narrowed it down to D and E Eliminated E as it says number of persons this year is more than last years ....may or may not be true because if a person likes the movies he will watch again hence the receipt will increase but not the number of different people who watched. though different is not mentioned but i assumed so.

Re: Box office receipts for independent movies for the first half of this [#permalink]

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13 Dec 2012, 07:51

I also thought the same as Archit did... I narrowed down my answer to D and E... Increase in the number of reciepts might be due to people watching those muvies again n again...so statement E is of 'could be true' type....and hence winner ir D all the way...

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Re: Box office receipts for independent movies for the first half of this [#permalink]

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13 Dec 2012, 10:11

MacFauz wrote:

nitzz wrote:

Box office receipts for independent movies for the first half of this year have increased by 20 percent over the total receipts for independent movies for all of last year. Last year, 50 independent movies were released, while so far this year only 20 independent movies have been released. The number of independent movies slated for release in the second half of this year is roughly equal to the number released so far.

If the statements above are true, which of the following must be true?

A) The total box office receipts for independent movies this year will be significantly more than 20 percent greater than the receipts for independent movies last year. Not necessarily. If every movie that is going to be released this year bombs badly and generates no receipts the difference wont be significantly higher than 20%.

B) The number of independent movies released in the first half of this year is equal to the number released in the first half of last year. Not necessarily. What if all the movies last year were released in the second half.

C) The price of a movie ticket has not increased since last year. This might infact be even the opposite of what is implied by the passage and is also out of scope.

D) The average receipts for the independent films released during the first half of this year is greater than that of all independent films released last year. 50 movies were released last year. Lets say box office receipts was 100$, Average is 2$. 20 movies released this year. 20% increase in box office receipts. So 120$. Average is 6$. Answer

E) The number of people seeing independent movies during the first half of this year is greater than the number who saw independent movies last year.

Not necessarily. Ticket prices could have been hiked and hence the reason for increased receipts.

Can you help me in understanding an argument? How to approach inference question? I always get confuse after seeing too much of fact.
_________________

Re: Box office receipts for independent movies for the first half of this [#permalink]

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13 Dec 2012, 10:29

Aristocrat wrote:

MacFauz wrote:

nitzz wrote:

Box office receipts for independent movies for the first half of this year have increased by 20 percent over the total receipts for independent movies for all of last year. Last year, 50 independent movies were released, while so far this year only 20 independent movies have been released. The number of independent movies slated for release in the second half of this year is roughly equal to the number released so far.

If the statements above are true, which of the following must be true?

A) The total box office receipts for independent movies this year will be significantly more than 20 percent greater than the receipts for independent movies last year. Not necessarily. If every movie that is going to be released this year bombs badly and generates no receipts the difference wont be significantly higher than 20%.

B) The number of independent movies released in the first half of this year is equal to the number released in the first half of last year. Not necessarily. What if all the movies last year were released in the second half.

C) The price of a movie ticket has not increased since last year. This might infact be even the opposite of what is implied by the passage and is also out of scope.

D) The average receipts for the independent films released during the first half of this year is greater than that of all independent films released last year. 50 movies were released last year. Lets say box office receipts was 100$, Average is 2$. 20 movies released this year. 20% increase in box office receipts. So 120$. Average is 6$. Answer

E) The number of people seeing independent movies during the first half of this year is greater than the number who saw independent movies last year.

Not necessarily. Ticket prices could have been hiked and hence the reason for increased receipts.

Can you help me in understanding an argument? How to approach inference question? I always get confuse after seeing too much of fact.

This one is not a typical inference question. It can be called an inference and numbers and percents question. For these types of questions, I find it helpful to break the facts given point by point and based on these facts we can check each answer choice.. Generally on inference questions I like to pick the mildest statement first and check if it is true based on the argument and more often than not, the mildest statement would be the right one. This question in particular can be approached as how one would approach a quant problem.. That is an easier way when lots of numbers and ratios are involved in the argument.
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Box office receipts for independent movies for the first half of this year have increased by 20 percent over the total receipts for independent movies for all of last year. Last year, 50 independent movies were released, while so far this year only 20 independent movies have been released. The number of independent movies slated for release in the second half of this year is roughly equal to the number released so far.

If the statements above are true, which of the following must be true?

A) The total box office receipts for independent movies this year will be significantly more than 20 percent greater than the receipts for independent movies last year. Not necessarily. If every movie that is going to be released this year bombs badly and generates no receipts the difference wont be significantly higher than 20%.

B) The number of independent movies released in the first half of this year is equal to the number released in the first half of last year. Not necessarily. What if all the movies last year were released in the second half.

C) The price of a movie ticket has not increased since last year. This might infact be even the opposite of what is implied by the passage and is also out of scope.

D) The average receipts for the independent films released during the first half of this year is greater than that of all independent films released last year. 50 movies were released last year. Lets say box office receipts was 100$, Average is 2$. 20 movies released this year. 20% increase in box office receipts. So 120$. Average is 6$. Answer

E) The number of people seeing independent movies during the first half of this year is greater than the number who saw independent movies last year.

Not necessarily. Ticket prices could have been hiked and hence the reason for increased receipts.

Can you help me in understanding an argument? How to approach inference question? I always get confuse after seeing too much of fact.

Hi,

This is a question that goes slightly beyond the norms of a normal inference question.

Similar questions are asked in the two-part section of IR. We had recently posted a similar question, along with a detailed approach to such questions.

Re: Box office receipts for independent movies for the first half of this [#permalink]

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15 Jul 2013, 04:00

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arichinna wrote:

Box office receipts for independent movies for the first half of this year have increased by 20 percent over the total receipts for independent movies for all of last year. Last year, 50 independent movies were released, while so far this year only 20 independent movies have been released. The number of independent movies slated for release in the second half of this year is roughly equal to the number released so far.

If the statements above are true, which of the following must be true?

1. The total box office receipts for independent movies this year will be significantly more than 20 percent greater than the receipts for independent movies last year 2. The number of independent movies released in the first half of this year is equal to the number released in the first half of last year. 3. The price of a movie ticket has not increased since last year. 4. The average revenues of the independent films released during the first half of this year is greater than that of all independent films released last year. 5. The number of people seeing independent movies during the first half of this year is greater than the number who saw independent movies last year.

hi,

let say :

total movies released last year(TMRLY)=50(given) total receipts last year(TRLY)=50(assuming)

average receipt per movie= 50/50=1

now according to question total movies released this year= 20(given)==>uptil first half of the year total receipts this year= 20percent more than TRLY=50+10=60

average receipt permovie=60/20=3

therefore last year for every movie there is 1 receipt and this year for every movie there is 3 receipt

hence clearly average revenue generated will be more this year than last year.

same is stated in option D

4. The average revenues of the independent films released during the first half of this year is greater than that of all independent films released last year.==>CORRECT

JUST you have to understand that more the receipt more the revenue...

hope it helps
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Re: Box office receipts for independent movies for the first half of this [#permalink]

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15 Jul 2013, 04:28

Thank you Shailesh for the reply. I did a similar analysis like you did but I had come across one query which made me post this question.

In the answer choice D - "The average revenues of the independent films released during the first half of this year is greater than that of all independent films released last year", there is an implicit underlying assumption.

Revenue is a function of price and quantity. This choice assumes that the price is the same as compared to last year. No where in the question, it talks about price of the receipt being the same.

There is also one answer choice which talks about price (though that choice is wrong).

As per your calculation, even if the average receipt per movie increased to 3 in the first half of the present year, this choice will not hold true if the price had come down to one-third or less than that of what it was last year.

I might be wrong or missed out on a logical link but if you have any suggestions/comments, it would help.

Re: Box office receipts for independent movies for the first half of this [#permalink]

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15 Jul 2013, 04:52

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arichinna wrote:

Thank you Shailesh for the reply. I did a similar analysis like you did but I had come across one query which made me post this question.

In the answer choice D - "The average revenues of the independent films released during the first half of this year is greater than that of all independent films released last year", there is an implicit underlying assumption.

Revenue is a function of price and quantity. This choice assumes that the price is the same as compared to last year. No where in the question, it talks about price of the receipt being the same.

There is also one answer choice which talks about price (though that choice is wrong).

As per your calculation, even if the average receipt per movie increased to 3 in the first half of the present year, this choice will not hold true if the price had come down to one-third or less than that of what it was last year.

I might be wrong or missed out on a logical link but if you have any suggestions/comments, it would help.

Thanks, Ari

Hi ARI, thats logical..you are thinking absolutely right....but actually the problem is understanding the meaning of RECEIPTS.

when the word "receipts" is used in this sort of context, it refers to the total revenue generated by the movies. in other words, this use of "receipts" is exactly the same as "gross revenue".===>It is not like ticket ....that will add up to give whole revenue.

if i say 50 receipts....means total revenue was 50

you can google out for the meaning of RECEIPTS.

NOW 50 dollar is revenue for last year.. and 60 dollar is for this year...

hope i made it clear.
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Re: Box office receipts for independent movies for the first half of this [#permalink]

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19 Oct 2013, 02:09

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ANALYZE THE STIMULUS:

Fact: Box office receipts for independent movies for the first half of this year have increased by 20 percent over the total receipts for independent movies for all of last year. Fact: Last year, 50 independent movies were released, while so far this year only 20 independent movies have been released. Fact: The number of independent movies slated for release in the second half of this year is roughly equal to the number released so far.

Question: If the statements above are true, which of the following must be true? <== This is MUST BE TRUE question, so NO "new" information accepted.

ANALYZE EACH ANSWER:

1. The total box office receipts for independent movies this year will be significantly more than 20 percent greater than the receipts for independent movies last year Wrong. TEMPTING. We just know data of the FIRST half of this year. What if total receipt in the first half is more than 20%, but will decrease significantly in the second half? ==> We can't say total receipts this year will be significantly 20% greater than that of last year. A can't be answer.

2. The number of independent movies released in the first half of this year is equal to the number released in the first half of last year. Wrong. Absolutely wrong, we don't know how many films were released in the first half of last year.

3. The price of a movie ticket has not increased since last year. Wrong. Nothing about the price. Out of scope.

4. The average revenues of the independent films released during the first half of this year is greater than that of all independent films released last year. Correct.Assume prices do not change significantly. In the first half, total receipts is 20% more than that of total last year. But the number of film released is fewer (20 vs. 50) ==> Clearly, average revenue of each film in the first half of this year is greater than that of film released last year.

5. The number of people seeing independent movies during the first half of this year is greater than the number who saw independent movies last year. Wrong. Nothing about number of people. Out of scope.

Hope it helps
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Re: Box office receipts for independent movies for the first half of this [#permalink]

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31 Jan 2015, 12:28

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Box office receipts for independent movies for the first half of this year have increased by 20 percent over the total receipts for independent movies for all of last year. Last year, 50 independent movies were released, while so far this year only 20 independent movies have been released. The number of independent movies slated for release in the second half of this year is roughly equal to the number released so far. If the statements above are true, which of the following must be true?

A. The total box office receipts for independent movies this year will be significantly more than 20 percent greater than the receipts for independent movies last year.

B. The number of independent movies released in the first half of this year is equal to the number released in the first half of last year.

C. The price of a movie ticket has not increased since last year.

D. The average revenues of the independent films released during the first half of this year is greater than that of all independent films released last year.

E. The number of people seeing independent movies during the first half of this year is greater than the number who saw independent movies last year.

The text tells us that the revenues for independent movies for the first have of this year are already greater than the total revenues for independent movies for all of last year. We are then asked to draw a conclusion based on that information. (A) There is no way to predict box-office receipts for the year. (B) There is no way to know how many movies were released in the first half of last year. (C) We cannot infer that the price of a movie ticket has not increased. (D) CORRECT. The average revenue per film = total revenues ÷ number of films. Revenues: We are told that the revenues for independent movies for the first half of this year (say $1000) are already greater than the total revenues for all of last year (say $999). Number of Films: We know that more independent movies were released last year (say 10) than in the first half of this year (say 9). We can clearly see that the average revenues per film for independent movies in the first half of this year ($1000 ÷ 9) are greater than the average revenues for all independent movies released last year ($999 ÷ 10). (E) We cannot infer that more people have seen movies in the first half of this year, even though revenues are higher. It could be, for example, that the same number of people saw movies but ticket prices have risen sharply.

Re: Box office receipts for independent movies for the first half of this [#permalink]

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15 Feb 2015, 08:27

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KS15 wrote:

souvik101990 wrote:

Box office receipts for independent movies for the first half of this year have increased by 20 percent over the total receipts for independent movies for all of last year. Last year, 50 independent movies were released, while so far this year only 20 independent movies have been released. The number of independent movies slated for release in the second half of this year is roughly equal to the number released so far. If the statements above are true, which of the following must be true?

A. The total box office receipts for independent movies this year will be significantly more than 20 percent greater than the receipts for independent movies last year.

B. The number of independent movies released in the first half of this year is equal to the number released in the first half of last year.

C. The price of a movie ticket has not increased since last year.

D. The average revenues of the independent films released during the first half of this year is greater than that of all independent films released last year.

E. The number of people seeing independent movies during the first half of this year is greater than the number who saw independent movies last year.

D for me

Hey,

It cannot be D since we cannot predict the revenue here as you don't know if the price of the receipts have been kept same or increased or decreased. Here the author talks about increased number of receipts which can only point to higher number of viewers. So it should be E.

Re: Box office receipts for independent movies for the first half of this [#permalink]

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17 Feb 2015, 01:33

Hi,

I agree on the drastic case , which is somewhat unrealistic . But in the argument -- where is it mentioned that the revenues are higher this year then the previous ?

Re: Box office receipts for independent movies for the first half of this [#permalink]

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17 Feb 2015, 16:36

Hi..

The "drastic" case is amusing. The stem mentions that the number of movies slated to be launched for second half is equal to the number already launched, and hence, is > 0, and unless these movies produce negative revenue (somewhat drastic, indeed) the accumulated total is going to rise.

In my humble opinion, the solution should be A.

Let's assume that there is indeed a drastic possibility of the so called OA being incorrect ... Cheers, Q

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