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Curator: If our museum lends Venus to the Hart Institute for their sho

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Curator: If our museum lends Venus to the Hart Institute for their sho [#permalink]

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New post 25 Nov 2015, 11:43
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Curator: If our museum lends Venus to the Hart Institute for their show this spring, they will lend us their Rembrandt etchings for our print exhibition next fall. Having those etchings will increase attendance to the exhibition and hence increase revenue from our general admission fee.

Museum Administrator: But Venus is our biggest attraction. Moreover the Hart’s show will run for twice as long as our exhibition. So on balance the number of patrons may decrease.

The point of the administrator’s response to the curator is to question

(A) whether getting the Rembrandt etchings from the Hart Institute is likely to increase attendance at the print exhibition
(B) whether the Hart Institute’s Rembrandt etchings will be appreciated by those patrons of the curator’s museum for whom the museum’s biggest attraction is Venus
(C) whether the number of patrons attracted by the Hart Institute’s Rembrandt etchings will be larger than the number of patrons who do not come in the spring because Venus is on loan
(D) whether, if Venus is lent, the museum’s revenue from general admission fees during the print exhibition will exceed its revenue from general admission fees during the Hart Institute’s exhibition
(E) whether the Hart Institute or the curator’s museum will have the greater financial gain from the proposed exchange of artworks
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Re: Curator: If our museum lends Venus to the Hart Institute for their sho [#permalink]

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New post 27 Nov 2015, 08:22
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A curator and a museum administrator debate whether lending a particular artwork to the Hart Institute in exchange for a loan of some of the Hart lnstitute's artworks would increase or decrease attendance and revenue at the museum.

The administrator's statements that Venus is the museum's biggest attraction and that the Hart institute's show will run twice as long as the museum's exhibition do not directly conflict with any statement or assumption made by the curator. However, the administrator's conclusion is that on balance the number of patrons at the museum may decrease if the curator's proposal is followed. This conclusion calls into question the curators claim that the proposal will increase revenue from the general admission fee, since that claim presupposes that on balance the proposal will increase the number of visitors to the museum. (The context suggests that the administrator is using the term patron: to mean visitors rather than donors.)

A The administrator does not dispute that the Rembrandt etchings would probably increase attendance at the print exhibition but rather suggests that this increase would be exceeded by the loss of visitors to the museum while the Hart Institute borrows Venus

B Neither the curator nor the administrator comments on whether the patrons attracted to the Rembrandt etchings would be the same people attracted to Venus.

C Correct. The curator implicitly infers that the former number will be larger than the latter, whereas the administrator questions this by asserting that the latter number may be larger than the former.

D The administrator does not question whether the revenue during the print exhibition will exceed the revenue during the Hart institute’s exhibition, but rather whether it will exceed the loss of
revenue during the Hart institute's exhibition.

E Neither the curator nor the administrator comments on whether the museum would gain more or less from the exchange than the Hart institute would.

The correct answer is C.
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Re: Curator: If our museum lends Venus to the Hart Institute for their sho [#permalink]

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New post 27 Nov 2015, 02:42
The museum admin says : "So on balance the number of patrons may decrease."

A patron is a regular customer. Per option C the admin basically says that because they will be giving away their most coveted art and for a significant period, their own museum might receive less patronage compared to how it usually gets.

Hence C wins.
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Re: Curator: If our museum lends Venus to the Hart Institute for their sho [#permalink]

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New post 27 Nov 2015, 04:34
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C

a -> The issue is about the balance, the administrator thinks that the balance will be affected, however in a bad way.
b -> Appreciation is not an issue, what is being discussed is the NUMBER of patrons = out of scope
c -> Correct - Its being discussed the balance of the number of patrons
d -> It doesn't say anything about the fees or which one will have the highest = out of scope
e -> It doesn't say anything about financial gain = out of scope
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Re: Curator: If our museum lends Venus to the Hart Institute for their sho [#permalink]

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New post 24 Feb 2017, 13:44
just one idiotic doubt... arent we supposed to think of the financial implications of the exchange... or they are out of scope... thanks to anyone who sheds some light on this...
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Re: Curator: If our museum lends Venus to the Hart Institute for their sho [#permalink]

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New post 10 Aug 2017, 06:51
Can someone explain the whole argument fail to understand that
What is the meaning of patron?
also since they will be sending artifact won't they will get it back once the exhibition is over?

i am too confused here
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Re: Curator: If our museum lends Venus to the Hart Institute for their sho [#permalink]

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New post 10 Aug 2017, 10:58
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haardiksharma wrote:
Can someone explain the whole argument fail to understand that
What is the meaning of patron?
also since they will be sending artifact won't they will get it back once the exhibition is over?

i am too confused here


Patron means people who appreciate .In this case people who visit curator museum to see Venus
The argument is about lending Venus to other museum and taking Rembrandt etchings from other museum and then evaluating whether it will profit Curator museum .


The answer to this question is C

If the number of people to see Rembrandt etchings at Curator museum are not not greater than the number of visitors when Venus is on loan then lending Venus to other museum is a bad decision and the museum will not profit .


Curator: If our museum lends Venus to the Hart Institute for their show this spring, they will lend us their Rembrandt etchings for our print exhibition next fall. Having those etchings will increase attendance to the exhibition and hence increase revenue from our general admission fee.

Museum Administrator: But Venus is our biggest attraction. Moreover the Hart’s show will run for twice as long as our exhibition. So on balance the number of patrons may decrease.

The point of the administrator’s response to the curator is to question

(A) whether getting the Rembrandt etchings from the Hart Institute is likely to increase attendance at the print exhibition
(B) whether the Hart Institute’s Rembrandt etchings will be appreciated by those patrons of the curator’s museum for whom the museum’s biggest attraction is Venus
(C) whether the number of patrons attracted by the Hart Institute’s Rembrandt etchings will be larger than the number of patrons who do not come in the spring because Venus is on loan
(D) whether, if Venus is lent, the museum’s revenue from general admission fees during the print exhibition will exceed its revenue from general admission fees during the Hart Institute’s exhibition
(E) whether the Hart Institute or the curator’s museum will have the greater financial gain from the proposed exchange of artworks
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Re: Curator: If our museum lends Venus to the Hart Institute for their sho [#permalink]

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New post 13 Aug 2017, 04:51
Curator: If our museum lends Venus to the Hart Institute for their show this spring, they will lend us their Rembrandt etchings for our print exhibition next fall. Having those etchings will increase attendance to the exhibition and hence increase revenue from our general admission fee.

Museum Administrator: But Venus is our biggest attraction. Moreover the Hart’s show will run for twice as long as our exhibition. So on balance the number of patrons may decrease.

The point of the administrator’s response to the curator is to question

(A) whether getting the Rembrandt etchings from the Hart Institute is likely to increase attendance at the print exhibition - Incorrect - The admin does not dispute the fact that etchings will increase attendance to the exhibition and hence increase revenue from our general admission fee but says that net result of lending Venus will be negative
(B) whether the Hart Institute’s Rembrandt etchings will be appreciated by those patrons of the curator’s museum for whom the museum’s biggest attraction is Venus - Irrelevant
(C) whether the number of patrons attracted by the Hart Institute’s Rembrandt etchings will be larger than the number of patrons who do not come in the spring because Venus is on loan - Correct
(D) whether, if Venus is lent, the museum’s revenue from general admission fees during the print exhibition will exceed its revenue from general admission fees during the Hart Institute’s exhibition - Irrelevant
(E) whether the Hart Institute or the curator’s museum will have the greater financial gain from the proposed exchange of artworks - Out of scope

Answer C
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Re: Curator: If our museum lends Venus to the Hart Institute for their sho [#permalink]

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New post Updated on: 08 May 2018, 23:20

Official Explanation:



Situation - Curator and a museum administrator debate whether lending a particular artwork to the Hart Institute in exchange for a loan of some of the Hart Institute's artworks would increase or decrease attendance and revenue at the museum.

Reasoning: Which of the curator's explicit or implicit claims is the museum administrator questioning? The administrator's statements that Venus is the museum's biggest attraction and that the Hart Institute's show will run twice as long as the museum's exhibition do not directly conflict with any statement or assumption made by the curator. However, the administrator's conclusion is that on balance the number of patrons at the museum
may decrease if the curator's proposal is followed. This conclusion calls into question the curator's claim that the proposal will increase revenue from the general admission fee since that claim presupposes that on balance the proposal will
increase the number of visitors to the museum. (The context suggests that the administrator is using the term patrons to mean visitors rather than donors.)

'C' is the correct answer choice - The curator implicitly infers that the former number will be larger than the latter, whereas the administrator questions this by asserting that the latter number may be larger than the former.
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Originally posted by AnubhavK on 22 Aug 2017, 02:22.
Last edited by Bunuel on 08 May 2018, 23:20, edited 3 times in total.
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Re: Curator: If our museum lends Venus to the Hart Institute for their sho [#permalink]

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New post 22 Aug 2017, 04:11
AnubhavK wrote:
Curator: If our museum lends Venus to the Hart Institute for their show this spring, they will lend us their Rembrandt etchings for our print exhibition next fall. Having those etchings will increase attendance to the exhibition and hence increase revenue from our general admission fee.

Museum Administrator: But Venus is our biggest attraction. Moreover the Hart's show will run for twice as long as our exhibition. So on balance the number of patrons may decrease.
The point of the administrator's response to the curator is to question

(A) whether getting the Rembrandt etchings from the Hart Institute is likely to increase attendance at the print exhibition
(B) whether the Hart Institute's Rembrandt etchings will be appreciated by those patrons of the curator's museum for whom the museum's biggest attraction is Venus
(C) whether the number of patrons attracted by the Hart Institute's Rembrandt etchings will be larger than the number of patrons who do not come in the spring because Venus is on loan
(D) whether, if Venus is lent, the museum's revenue from general admission fees during the print exhibition will exceed its revenue from general admission fees during the Hart Institute's exhibition
(E) whether the Hart Institute or the curator's museum will have the greater financial gain from the proposed exchange of artworks


I choose C.

Since the administrator's conclusion is all about the number of attendees, so we only focus on evaluation of the number of attendees.

A. If yes, maybe the increase is not as high as the decrease from the customers who decide not to come on spring. -> Not clear.
B. Out of scope.
C. YES, clearly discuss the number of increase VS the number of decreases. Clearly talk about BALANCE.
D. No point to compare museum's revenue and Hart Institute's revenue.
E. We don't care about Hart Institute or the curator's museum.
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Re: Curator: If our museum lends Venus to the Hart Institute for their sho [#permalink]

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New post 22 Aug 2017, 14:49
Curator: If our museum lends Venus to the Hart Institute for their show this spring, they will lend us their Rembrandt etchings for our print exhibition next fall. Having those etchings will increase attendance to the exhibition and hence increase revenue from our general admission fee.

Museum Administrator: But Venus is our biggest attraction. Moreover the Hart's show will run for twice as long as our exhibition. So on balance the number of patrons may decrease.
The point of the administrator's response to the curator is to question

(A) whether getting the Rembrandt etchings from the Hart Institute is likely to increase attendance at the print exhibition -Administrator is comparing the attendance of both the events and reaching at a conclusion. This option talks about only one half.
(B) whether the Hart Institute's Rembrandt etchings will be appreciated by those patrons of the curator's museum for whom the museum's biggest attraction is Venus -We are not worried about the appreciation.
(C) whether the number of patrons attracted by the Hart Institute's Rembrandt etchings will be larger than the number of patrons who do not come in the spring because Venus is on loan -Correct. If the people at the show to be held in next spring are less than the people who do not turn out because of the absence of Venus, then overall there will be a loss for the company. The Administrator is referring to this very point while arguing against the Curator.
(D) whether, if Venus is lent, the museum's revenue from general admission fees during the print exhibition will exceed its revenue from general admission fees during the Hart Institute's exhibition -Administrator is worried about the attendance of people that in turn will generate revenue.
(E) whether the Hart Institute or the curator's museum will have the greater financial gain from the proposed exchange of artworks -We are not worried about the Hart institution.
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Re: Curator: If our museum lends Venus to the Hart Institute for their sho [#permalink]

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New post 09 Apr 2018, 01:29
Quote:
Curator: If our museum lends Venus to the Hart Institute for their show this spring, they will lend us their Rembrandt etchings for our print exhibition next fall. Having those etchings will increase attendance to the exhibition and hence increase revenue from our general admission fee.

Museum Administrator: But Venus is our biggest attraction. Moreover the Hart's show will run for twice as long as our exhibition. So on balance the number of patrons may decrease.
The point of the administrator's response to the curator is to question

(A) whether getting the Rembrandt etchings from the Hart Institute is likely to increase attendance at the print exhibition
(B) whether the Hart Institute's Rembrandt etchings will be appreciated by those patrons of the curator's museum for whom the museum's biggest attraction is Venus
(C) whether the number of patrons attracted by the Hart Institute's Rembrandt etchings will be larger than the number of patrons who do not come in the spring because Venus is on loan
(D) whether, if Venus is lent, the museum's revenue from general admission fees during the print exhibition will exceed its revenue from general admission fees during the Hart Institute's exhibition
(E) whether the Hart Institute or the curator's museum will have the greater financial gain from the proposed exchange of artworks


Hi mikemcgarry, GMATNinjaTwo, GMATNinja, MagooshExpert Carolyn, @sayantanc2,@VeritasPrepKarishma
I think the key of this question is balance. But i don't understand why adminstrator says Hart's show will run twice as long as that of museum, i was misled by this statement.

when Venus is on loan, then museum will lost attendance, suppose the lose is V
when Venus is back, and has Rembrandt etchings, then museum will gain attendance, suppose gain is R

Whether the attendance increase depends on which one is greater, V or R,no matter how long the exhibition is.

I wonder why Administrator states Hart's show will run twice as long as that of museum, IMO, even administrator does not mention the length of show, we can get the balance of attendance is the key.

Please help.

Thanks in advance
Have a nice day

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Re: Curator: If our museum lends Venus to the Hart Institute for their sho [#permalink]

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New post 10 Apr 2018, 00:43
zoezhuyan wrote:
Quote:
Curator: If our museum lends Venus to the Hart Institute for their show this spring, they will lend us their Rembrandt etchings for our print exhibition next fall. Having those etchings will increase attendance to the exhibition and hence increase revenue from our general admission fee.

Museum Administrator: But Venus is our biggest attraction. Moreover the Hart's show will run for twice as long as our exhibition. So on balance the number of patrons may decrease.
The point of the administrator's response to the curator is to question

(A) whether getting the Rembrandt etchings from the Hart Institute is likely to increase attendance at the print exhibition
(B) whether the Hart Institute's Rembrandt etchings will be appreciated by those patrons of the curator's museum for whom the museum's biggest attraction is Venus
(C) whether the number of patrons attracted by the Hart Institute's Rembrandt etchings will be larger than the number of patrons who do not come in the spring because Venus is on loan
(D) whether, if Venus is lent, the museum's revenue from general admission fees during the print exhibition will exceed its revenue from general admission fees during the Hart Institute's exhibition
(E) whether the Hart Institute or the curator's museum will have the greater financial gain from the proposed exchange of artworks


Hi mikemcgarry, GMATNinjaTwo, GMATNinja, MagooshExpert Carolyn, @sayantanc2,@VeritasPrepKarishma
I think the key of this question is balance. But i don't understand why adminstrator says Hart's show will run twice as long as that of museum, i was misled by this statement.

when Venus is on loan, then museum will lost attendance, suppose the lose is V
when Venus is back, and has Rembrandt etchings, then museum will gain attendance, suppose gain is R

Whether the attendance increase depends on which one is greater, V or R,no matter how long the exhibition is.

I wonder why Administrator states Hart's show will run twice as long as that of museum, IMO, even administrator does not mention the length of show, we can get the balance of attendance is the key.

Please help.

Thanks in advance
Have a nice day

>_~


Hi mikemcgarry, GMATNinjaTwo, GMATNinja, MagooshExpert Carolyn, sayantanc2,VeritasPrepKarishma,

Anyone can help?
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Re: Curator: If our museum lends Venus to the Hart Institute for their sho [#permalink]

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New post 10 Apr 2018, 15:49
zoezhuyan wrote:
Hi mikemcgarry, GMATNinjaTwo, GMATNinja, MagooshExpert Carolyn, @sayantanc2,@VeritasPrepKarishma
I think the key of this question is balance. But i don't understand why adminstrator says Hart's show will run twice as long as that of museum, i was misled by this statement.

when Venus is on loan, then museum will lost attendance, suppose the lose is V
when Venus is back, and has Rembrandt etchings, then museum will gain attendance, suppose gain is R

Whether the attendance increase depends on which one is greater, V or R,no matter how long the exhibition is.

I wonder why Administrator states Hart's show will run twice as long as that of museum, IMO, even administrator does not mention the length of show, we can get the balance of attendance is the key.

Please help.

Thanks in advance
Have a nice day

>_~

Hi zoezhuyan!

Happy to help :-)

The point that the administrator is making is that the museum will lose visitors when Venus is gone. The length of time is important because visitors come to the museum on a daily or weekly basis, so the longer that one exhibition is on display for, the more visitors the museum will have.

Say that the museum usually gets 100 visitors per week. Over 10 weeks, that's 1000 visitors. Say that 50 of those visitors each week are only coming to see the Venus. That means that when the Venus is gone, the museum will have 50 fewer visitors each week. Let's say that the Rembrandt etchings will also draw 50 extra visitors each week. So if the Venus is gone for 10 weeks, then the museum will lose 10*50 = 500 visitors. But if the Rembrandt etchings are only there for 5 weeks, then the museum will only gain 5*50 = 250 visitors. That means that overall, the museum will lose visitors. So the administrator is trying to determine whether the number of visitors that will come for Rembrandt will be larger than the number of visitors lost.

Does that make sense? If not, let me know :-)
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Re: Curator: If our museum lends Venus to the Hart Institute for their sho [#permalink]

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New post 11 Apr 2018, 00:35
MagooshExpert wrote:
zoezhuyan wrote:
Hi mikemcgarry, GMATNinjaTwo, GMATNinja, MagooshExpert Carolyn, @sayantanc2,@VeritasPrepKarishma
I think the key of this question is balance. But i don't understand why adminstrator says Hart's show will run twice as long as that of museum, i was misled by this statement.

when Venus is on loan, then museum will lost attendance, suppose the lose is V
when Venus is back, and has Rembrandt etchings, then museum will gain attendance, suppose gain is R

Whether the attendance increase depends on which one is greater, V or R,no matter how long the exhibition is.

I wonder why Administrator states Hart's show will run twice as long as that of museum, IMO, even administrator does not mention the length of show, we can get the balance of attendance is the key.

Please help.

Thanks in advance
Have a nice day

>_~

Hi zoezhuyan!

Happy to help :-)

The point that the administrator is making is that the museum will lose visitors when Venus is gone. The length of time is important because visitors come to the museum on a daily or weekly basis, so the longer that one exhibition is on display for, the more visitors the museum will have.

Say that the museum usually gets 100 visitors per week. Over 10 weeks, that's 1000 visitors. Say that 50 of those visitors each week are only coming to see the Venus. That means that when the Venus is gone, the museum will have 50 fewer visitors each week. Let's say that the Rembrandt etchings will also draw 50 extra visitors each week. So if the Venus is gone for 10 weeks, then the museum will lose 10*50 = 500 visitors. But if the Rembrand etchings are only there for 5 weeks, then the museum will only gain 5*50 = 250 visitors. That means that overall, the museum will lose visitors. So the administrator is trying to determine whether the number of visitors that will come for Rembrandt will be larger than the number of visitors lost.

Does that make sense? If not, let me know :-)
-Carolyn


Hi MagooshExpert Carolyn,
I completely understand your said.
But i still think the length of the loan is not so necessary, because we can view the lost attendance as a whole package, no matter the loan is one week or two weeks, we can suppose the total lost attendance is V, if one week, we can suppose the lost is V, if two weeks, we can also suppose V,
similary, when Venus is back and Rembrandt etchings is on show, we can suppose gain attendance as a whole package, suppose R, no matter how long the Tembrandt etchings is on the show.

So, we can ingore the length of shows, we just compare the total lost V the total gain R,

That's why i don't understand the role that Administrator states Hart's show will run twice as long as that of museum

Please help

Thanks in advance
Have a nice day
>_~
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Re: Curator: If our museum lends Venus to the Hart Institute for their sho [#permalink]

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New post 11 Apr 2018, 21:55
zoezhuyan wrote:
Hi MagooshExpert Carolyn,
I completely understand your said.
But i still think the length of the loan is not so necessary, because we can view the lost attendance as a whole package, no matter the loan is one week or two weeks, we can suppose the total lost attendance is V, if one week, we can suppose the lost is V, if two weeks, we can also suppose V,
similary, when Venus is back and Rembrandt etchings is on show, we can suppose gain attendance as a whole package, suppose R, no matter how long the Tembrandt etchings is on the show.

So, we can ingore the length of shows, we just compare the total lost V the total gain R,

That's why i don't understand the role that Administrator states Hart's show will run twice as long as that of museum

Please help

Thanks in advance
Have a nice day
>_~

Hi zoezhuyan,

Here is the part of your reasoning that is incorrect:

zoezhuyan wrote:
because we can view the lost attendance as a whole package, no matter the loan is one week or two weeks, we can suppose the total lost attendance is V, if one week, we can suppose the lost is V, if two weeks, we can also suppose V,


This doesn't make sense -- if the Venus is gone for only one day, then it will definitely result in fewer lost visitors than if it were gone for an entire year. So we can't just say that the loss is V -- the value of V will depend on how long the loan is for. Attendance is something that is measured per a unit of time, like days or weeks. So altering the total amount of time will alter the total attendance.

Hope that helps :-)
-Carolyn
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Re: Curator: If our museum lends Venus to the Hart Institute for their sho [#permalink]

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New post 02 Jun 2018, 02:38
Question Stem:-
Curator: Museum loans "V" to Hart during spring & Hart loans "RE" to Museum during print exhibition. Having RE will increase attendance and "hence" increase revenue.
Museum Administrator: But "V" is our biggest attraction. Moreover the Hart’s show will run for twice as long as our exhibition. So on balance the number of patrons "may" decrease.

Analysis: Museum Administrator is bothered about NET attendance, where NET attendance should not be negative, "i.e. NET attendance = No. of patrons who would come to museum for the duration "RE" is loaned from Hart - No. of patrons who would not attend for the duration "V" is loaned to Hart.

Hence The point of the administrator’s response to the curator is to question whether the number of patrons attracted by the Hart Institute’s Rembrandt etchings will be larger than the number of patrons who do not come in the spring because Venus is on loan - Option (C) is correct choice!!
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Re: Curator: If our museum lends Venus to the Hart Institute for their sho   [#permalink] 02 Jun 2018, 02:38
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