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08 Oct 2023, 08:03
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Exactly 25% of the items that experienced a decrease in both total returns and total items sold are Levi's.: False
The jeans type experiencing the greatest percentage increase in total returns from 2011 to 2012 also experienced the lowest percentage decrease in the total number of items sold.: False
The jeans type with the lowest rank based on total returns is the same as the type with the lowest rank based on total items sold.: False
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
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Question Stats:
70% (03:27) correct
30%
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wrong
based on 644
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The table gives information on the total returns in 2012 and the total items sold by an international blue jeans retailer over a 3-year period, from 2013 through 2015. The 17 items were included in the table because they fall among the top 25 items sold by the company in terms of total returns and total items sold. In addition to listing the total returns and total number sold for each jeans type, the table also gives the percent increase or decrease over the 2011 returns and 2010–2012 sales numbers and the rank of each jeans type for total returns and total items sold.
(Sort ↕ the table by clicking on the headers)
Jeans Type | Returns | Number Sold | ||||||
| Manufacturer | Cut | Waist Size | Number | % Change | Rank | Number | % Change | Rank |
|---|---|---|---|---|---|---|---|---|
| Guess | Straight | 36 | 545 | -10.1 | 11 | 14007 | 9.2 | 17 |
| Lee | Flare | 32 | 446 | -6.6 | 14 | 14244 | 15.3 | 15 |
| Levi's | Flare | 30 | 428 | -6.1 | 16 | 17001 | 6.6 | 13 |
| Lee | Straight | 34 | 562 | -5.8 | 10 | 17678 | 5.1 | 11 |
| Levi's | Flare | 34 | 567 | -5.1 | 6 | 18896 | -2.1 | 8 |
| Guess | Straight | 30 | 678 | 1.2 | 1 | 22111 | -6.2 | 3 |
| Levi's | Flare | 32 | 563 | 1.9 | 8 | 19998 | -3.2 | 5 |
| Levi's | Straight | 36 | 567 | 2.4 | 7 | 18765 | 2.1 | 9 |
| Levi's | Straight | 34 | 438 | 2.8 | 15 | 15902 | 6.9 | 14 |
| Levi's | Flare | 36 | 416 | 3.6 | 17 | 14123 | 7.1 | 16 |
| Levi's | Straight | 30 | 527 | 6 | 12 | 23678 | -8.2 | 1 |
| Lee | Flare | 34 | 583 | 6.7 | 3 | 22182 | -6.7 | 2 |
| Guess | Flare | 36 | 568 | 8.3 | 4 | 18321 | 4.4 | 10 |
| Lee | Straight | 32 | 562 | 8.9 | 9 | 19111 | 0.2 | 7 |
| Guess | Straight | 34 | 648 | 11.2 | 2 | 20123 | -15.4 | 4 |
| Guess | Flare | 30 | 481 | 12.4 | 13 | 19876 | -2.5 | 6 |
| Lee | Straight | 36 | 568 | 18.6 | 5 | 17368 | 5.5 | 12 |
Show SpoilerAdditional Statement
The total number of Guess Straight 36 jeans returned in 2011 was 606.
| True | False | |
| Exactly 25% of the items that experienced a decrease in both total returns and total items sold are Levi's. | ||
| The jeans type experiencing the greatest percentage increase in total returns from 2011 to 2012 also experienced the lowest percentage decrease in the total number of items sold. | ||
| The jeans type with the lowest rank based on total returns is the same as the type with the lowest rank based on total items sold. |
ShowHide Answer
Official Answer
Exactly 25% of the items that experienced a decrease in both total returns and total items sold are Levi's.: False
The jeans type experiencing the greatest percentage increase in total returns from 2011 to 2012 also experienced the lowest percentage decrease in the total number of items sold.: False
The jeans type with the lowest rank based on total returns is the same as the type with the lowest rank based on total items sold.: False
08 Oct 2023, 11:26
Kudos
Bookmarks
FALSE, FALSE, FALSE
1. Exactly 25% of the items that experienced a decrease in both total returns and total items sold are Levi's.
decrease in total returns:
- total 5 items (Guess-Straight-36, Lee-Flare-32, Levi's-Flare-30, Lee-Straight-34, Levi's-Flare-34)
- out of these 5, 2 are Levi's
decrease in total items sold:
- total 7 items (Guess-Straight-34, Levi's-Straight-30, Lee-Flare-34, Guess-Straight-30, Levi's-Flare-32, Guess-Flare-30, Levi's-Flare-34)
- out of these 7, 3 are Levi's
decrease in both total returns and total items sold are Levi's = (2+3)/(5+7) = 41.6%
FALSE
2. The jeans type experiencing the greatest percentage increase in total returns from 2011 to 2012 also experienced the lowest percentage decrease in the total number of items sold.
- The jeans type experiencing the greatest percentage increase in total returns from 2011 to 2012 = Lee-straight-36(jeans type = straight-36)
- The jeans type experiencing the lowest percentage decrease in the total number of items sold = Levi's-flare-34(jeans type = flare-34)
straight-36 != flare-34
FALSE
3. The jeans type with the lowest rank based on total returns is the same as the type with the lowest rank based on total items sold.
- The jeans type with the lowest rank based on total returns = Levi's-flare-36(jeans type = flare-36)
- The jeans type with the lowest rank based on total items sold = Guess-straight-36(jeans type = straight-36)
flare-36 != straight-36
FALSE
1. Exactly 25% of the items that experienced a decrease in both total returns and total items sold are Levi's.
decrease in total returns:
- total 5 items (Guess-Straight-36, Lee-Flare-32, Levi's-Flare-30, Lee-Straight-34, Levi's-Flare-34)
- out of these 5, 2 are Levi's
decrease in total items sold:
- total 7 items (Guess-Straight-34, Levi's-Straight-30, Lee-Flare-34, Guess-Straight-30, Levi's-Flare-32, Guess-Flare-30, Levi's-Flare-34)
- out of these 7, 3 are Levi's
decrease in both total returns and total items sold are Levi's = (2+3)/(5+7) = 41.6%
FALSE
2. The jeans type experiencing the greatest percentage increase in total returns from 2011 to 2012 also experienced the lowest percentage decrease in the total number of items sold.
- The jeans type experiencing the greatest percentage increase in total returns from 2011 to 2012 = Lee-straight-36(jeans type = straight-36)
- The jeans type experiencing the lowest percentage decrease in the total number of items sold = Levi's-flare-34(jeans type = flare-34)
straight-36 != flare-34
FALSE
3. The jeans type with the lowest rank based on total returns is the same as the type with the lowest rank based on total items sold.
- The jeans type with the lowest rank based on total returns = Levi's-flare-36(jeans type = flare-36)
- The jeans type with the lowest rank based on total items sold = Guess-straight-36(jeans type = straight-36)
flare-36 != straight-36
FALSE
09 Oct 2023, 02:02
Kudos
Bookmarks
Part 1: Exactly 25% of the items that experienced a decrease in both total returns and total items sold are Levi's.
Sorting through table using Returns % change we see that there are 5 rows with negative % change.
(Guess/Straight/36, Lee/Flare/32, Levi's/Flare/30, Lee/Straight/34 and Levi's/Flare/34)
However, only one of these 5 also have a negative % change in number sold.
(Levi's/Flare/34)
Therefore, there is only one item that experienced a decrease in both total returns and total items sold.
Hence, the answer is FALSE.
Part 2: The jeans type experiencing the greatest percentage increase in total returns from 2011 to 2012 also experienced the lowest percentage decrease in the total number of items sold.
The jeans type experiencing the greatest percentage increase in total returns from 2011 to 2012 = Lee/Straight/36
The lowest percentage decrease in the total number of items sold = Levi's/Flare/34
Hence, the answer is FALSE.
Part 3: The jeans type with the lowest rank based on total returns is the same as the type with the lowest rank based on total items sold.
The jeans type with the lowest rank based on total returns = Levi's/Flare/36
The type with the lowest rank based on total items sold = Guess/Straight/36
Hence, the answer is FALSE.
Sorting through table using Returns % change we see that there are 5 rows with negative % change.
(Guess/Straight/36, Lee/Flare/32, Levi's/Flare/30, Lee/Straight/34 and Levi's/Flare/34)
However, only one of these 5 also have a negative % change in number sold.
(Levi's/Flare/34)
Therefore, there is only one item that experienced a decrease in both total returns and total items sold.
Hence, the answer is FALSE.
Part 2: The jeans type experiencing the greatest percentage increase in total returns from 2011 to 2012 also experienced the lowest percentage decrease in the total number of items sold.
The jeans type experiencing the greatest percentage increase in total returns from 2011 to 2012 = Lee/Straight/36
The lowest percentage decrease in the total number of items sold = Levi's/Flare/34
Hence, the answer is FALSE.
Part 3: The jeans type with the lowest rank based on total returns is the same as the type with the lowest rank based on total items sold.
The jeans type with the lowest rank based on total returns = Levi's/Flare/36
The type with the lowest rank based on total items sold = Guess/Straight/36
Hence, the answer is FALSE.
