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The table gives information on the total returns in 2012 and the total

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Sajjad1994
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The table gives information on the total returns in 2012 and the total [#permalink] New post   08 Oct 2023, 08:03
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Data Insights (DI) Quiz-II 2023 [Question #7, Date: Oct-08-2023] [Click here for Details]


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.


Jeans Type
Returns
Number Sold
ManufacturerCutWaist SizeNumber% ChangeRankNumber% ChangeRank
Guess Straight 36545-10.111140079.217
Lee Flare 32446-6.6141424415.315
Levi's Flare 30428-6.116170016.613
Lee Straight 34562-5.810176785.111
Levi's Flare 34567-5.1618896-2.18
Guess Straight 306781.2122111-6.23
Levi's Flare 325631.9819998-3.25
Levi's Straight 365672.47187652.19
Levi's Straight 344382.815159026.914
Levi's Flare 364163.617141237.116
Levi's Straight 3052761223678-8.21
Lee Flare 345836.7322182-6.72
Guess Flare 365688.34183214.410
Lee Straight 325628.99191110.27
Guess Straight 3464811.2220123-15.44
Guess Flare 3048112.41319876-2.56
Lee Straight 3656818.65173685.512
(Sort ↕ the table by clicking on the headers)

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.
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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
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Re: The table gives information on the total returns in 2012 and the total [#permalink] New post   08 Oct 2023, 11:26
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
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Re: The table gives information on the total returns in 2012 and the total [#permalink] New post   09 Oct 2023, 02:02
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.
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Re: The table gives information on the total returns in 2012 and the total [#permalink] New post   09 Oct 2023, 02:43
i) No
Items that experienced a decrease in both returns and items sold= 1 (Levis) hence we can say that it is not true that "exactly 25%' that experienced a decrease in both was Levis. rather it is 100%

ii) No
The jeans type experiencing the greatest percentage increase in total returns from 2011 to 2012= Straight 36 (18.6%)
Lowest Percentage decrease in the total number of items sold=Flare 34 (-2.1%) and this is the lowest among any jeans type hence this statement is not true

iii) No
The jeans type with the lowest rank based on total returns = Levi's
The type with the lowest rank based on total items sold= Guess
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Re: The table gives information on the total returns in 2012 and the total [#permalink] New post   09 Oct 2023, 07:03
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A. Exactly 25% of the items that experienced a decrease in both total returns and total items sold are Levi's.

Item(s) that experienced a decrease in both total returns and total items sold = only one ie, Levi's

Hence, the statement (A) is FALSE


B. 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.

Greatest percentage increase in total returns from 2011 to 2012 = Lee (Straight , 36)
Lowest percentage decrease in total number of items sold = Guess (Straight, 34)

For Jeans type, -----> (Straight , 36) 'is not equal to' (Straight , 34)

Hence, the statement (B) is FALSE


C. 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.

lowest rank based on total returns = Levi's (Flare, 36)

lowest rank based on total items sold = Guess (Straight , 36)

For Jeans type, -----> (Flare , 36) 'is not equal to' (Straight , 36)

Hence, the statement (C) is also FALSE
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Re: The table gives information on the total returns in 2012 and the total [#permalink] New post   09 Oct 2023, 08:01
Q1) Exactly 25% of the items that experienced a decrease in both total returns and total items sold are Levi's.
Answer: False.
Only 1 item (Levi's Flare, Size 34) faced decrease in the both total returns and total items sold by Levi's and that doesn't amount to 25% of the items sold by Levi's. Total items sold by Levi's are 7

Q2) 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.
Answer: False.
The greatest percentage increase in total returns from 2011 to 2012 was experienced by, Lee Straight, Size 36 and the lowest percentage decrease in the total number of items sold was by, Lee Straight, Size 32.

Q3) 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.
Answer: False.
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Re: The table gives information on the total returns in 2012 and the total [#permalink] New post   09 Oct 2023, 10:19
Can someone please share the official answer for the first part of the question ?

Posted from my mobile device
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Re: The table gives information on the total returns in 2012 and the total [#permalink] New post   09 Oct 2023, 11:52
Decrease is greater than 25% and question says exact 25% but why the answer of question 1 is true?
Can anyone please explain??
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Re: The table gives information on the total returns in 2012 and the total [#permalink] New post   09 Oct 2023, 12:43
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Official Explanation

Although Majority has got the statement 1 correct but many has awful reasoning against it. They will not get the equal points as the ones who give the correct reasoning.

Exactly 25% of the items that experienced a decrease in both total returns and total items sold are Levi's.

Only one jeans type experienced a decrease in both total returns and total items sold. This type was a Levi's Flare, so it is not correct to say that 25% of the items that experienced a decrease in both total returns and total items sold are Levi's.

Answer: 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.

The jeans type experiencing the greatest percentage increase in total returns from 2011 to 2012 was the Lee Straight 36 jeans. This type experienced a percentage increase in
the total number of items sold.

Answer: 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.

Levi's Flare 36 jeans are the type with the lowest rank based on total returns, while Guess Straight 36 jeans are the type with the lowest rank based on total items sold.

Answer: False


The total number of Guess Straight 36 jeans returned in 2011 was 606.

The total number of Guess Straight 36 jeans returned in 2012 was 545. This represents a 10.1% decrease from the 2011 returns. If there were 606 returns in 2011, then a 10.1% decrease would be 606 − 61, or 545, returns total in 2012.
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Re: The table gives information on the total returns in 2012 and the total [#permalink]
09 Oct 2023, 12:43
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