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Updated on: 23 Oct 2023, 10:04
Originally posted by Sajjad1994 on 05 May 2021, 22:00.
Last edited by BottomJee on 23 Oct 2023, 10:04, edited 2 times in total.
Last edited by BottomJee on 23 Oct 2023, 10:04, edited 2 times in total.
Moved to new forum
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Email from CEO to store manager
April 10, 2:53 a.m.
I just got a call from the police. Our store on Thompson street was robbed again. This is the third time in exactly seven months. After the first robbery, you said you would heighten security, but the measures you took had no effect; 60 days later the same store was robbed. Then you said you’d install an alarm system, but I guess you never got around to that. After the second robbery, the insurance company threatened to cancel our account if the store was robbed again and we hadn’t done anything to increase the security of the premises. What am I supposed to tell them?
April 10, 2:53 a.m.
I just got a call from the police. Our store on Thompson street was robbed again. This is the third time in exactly seven months. After the first robbery, you said you would heighten security, but the measures you took had no effect; 60 days later the same store was robbed. Then you said you’d install an alarm system, but I guess you never got around to that. After the second robbery, the insurance company threatened to cancel our account if the store was robbed again and we hadn’t done anything to increase the security of the premises. What am I supposed to tell them?
$1,600
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:
66% (03:24) correct
34%
(03:20)
wrong
based on 818
sessions
History
Date
Time
Result
Not Attempted Yet
1. If the manager’s estimates are correct and if the tripods stolen in the third robbery account for 15 percent of the value of the stolen inventory, then the value of the stolen tripods is closest to
| $800 | |
| $1,100 | |
| $1,600 | |
| $2,100 | |
| $4,800 |
ShowHide Answer
Official Answer
$1,600
An alarm system was installed at the store in November.: True
Upon being reached by phone, the store manager can make it to the store in under five minutes.: True
The attachment contradicts the store manager.: False
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:
40% (02:21) correct
60%
(02:22)
wrong
based on 929
sessions
History
Date
Time
Result
Not Attempted Yet
2. For each of the following statements, select True if the statement can be verified to be true assuming that the information in the emails (but not necessarily the attachment) is accurate. Otherwise, select False.
| True | False | |
| An alarm system was installed at the store in November. | ||
| Upon being reached by phone, the store manager can make it to the store in under five minutes. | ||
| The attachment contradicts the store manager. |
ShowHide Answer
Official Answer
An alarm system was installed at the store in November.: True
Upon being reached by phone, the store manager can make it to the store in under five minutes.: True
The attachment contradicts the store manager.: False
The robbery could have been prevented if the store manager had installed shatterproof windows.: No
The alarm company’s phone call to the police lasted less than 45 seconds.: No
The value of the lenses stolen in the third robbery is less than that of the second robbery.: No
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
65%
(hard)
Question Stats:
48% (01:35) correct
52%
(01:27)
wrong
based on 893
sessions
History
Date
Time
Result
Not Attempted Yet
3. For each of the following statements, select Yes if the statement can be reasonably inferred from the emails and the attachment. Otherwise, select No.
| Yes | No | |
| The robbery could have been prevented if the store manager had installed shatterproof windows. | ||
| The alarm company’s phone call to the police lasted less than 45 seconds. | ||
| The value of the lenses stolen in the third robbery is less than that of the second robbery. |
ShowHide Answer
Official Answer
The robbery could have been prevented if the store manager had installed shatterproof windows.: No
The alarm company’s phone call to the police lasted less than 45 seconds.: No
The value of the lenses stolen in the third robbery is less than that of the second robbery.: No
Attachment:
2.jpg [ 43.15 KiB | Viewed 8726 times ]
11 May 2021, 06:48
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Official Explanation
STEP 1: ANALYZE THE INFORMATION
Email #1—CEO to store manager
Email #2—Store manager to CEO
Attachment to email 2—Value of stolen goods in 1st vs. 2nd robbery
Email #1—CEO to store manager
- 3 robberies
- Assumes manager’s security measures had no effect/weren’t done.
- Problem: What to tell the insurance company?
Email #2—Store manager to CEO
- After 1st robbery, moved inventory, cutting losses in 2nd robbery.
- After 2nd robbery, had alarm installed—but robber was fast.
- After 2nd robbery, moved more inventory, cutting losses in 3rd robbery.
Attachment to email 2—Value of stolen goods in 1st vs. 2nd robbery
- As manager claims, much less overall was stolen in 2nd robbery.
STEP 2: APPROACH STRATEGICALLY
1. If the manager’s estimates are correct and if the tripods stolen in the third robbery account for 15 percent of the value of the stolen inventory, then the value of the stolen tripods is closest to
The store manager’s email states that there was an estimated 40% reduction in losses from the second robbery to the third. The total losses of the second robbery were about $18,000, so the losses of the third robbery were about $18,000 × 60%, or about $11,000. Then 15% of that is about $1,650, which is closest to (C).
1. If the manager’s estimates are correct and if the tripods stolen in the third robbery account for 15 percent of the value of the stolen inventory, then the value of the stolen tripods is closest to
The store manager’s email states that there was an estimated 40% reduction in losses from the second robbery to the third. The total losses of the second robbery were about $18,000, so the losses of the third robbery were about $18,000 × 60%, or about $11,000. Then 15% of that is about $1,650, which is closest to (C).
2. For each of the following statements, select True if the statement can be verified to be true assuming that the information in the emails (but not necessarily the attachment) is accurate. Otherwise, select False.
An alarm system was installed at the store in November.
The CEO’s message states that the first robbery was exactly seven months ago and that the second robbery happened 60 days later. The current day is April 10, so the first robbery happened around September 10 and the second on November 10. The store manager’s email states that the alarm was installed within a week of the second robbery, so there was indeed an alarm installed in November.
The answer is True.
Upon being reached by phone, the store manager can make it to the store in under five minutes.
According to the second email, the store manager missed the robber by 30 seconds. Since the robber was in and out in 3 minutes, the maximum time it could have taken for the store manager to reach the store was 3 minutes 30 seconds.
The answer is True.
The attachment contradicts the store manager.
The total losses of the first robbery were $58,194. The total losses of the second robbery were $17,507. This is a percent change of \(\frac{58,194-17,507}{58,194}\), or 69.9%, which confirms the store manager’s claim that the reduction in losses was “nearly 70 percent.”
The answer is False.
An alarm system was installed at the store in November.
The CEO’s message states that the first robbery was exactly seven months ago and that the second robbery happened 60 days later. The current day is April 10, so the first robbery happened around September 10 and the second on November 10. The store manager’s email states that the alarm was installed within a week of the second robbery, so there was indeed an alarm installed in November.
The answer is True.
Upon being reached by phone, the store manager can make it to the store in under five minutes.
According to the second email, the store manager missed the robber by 30 seconds. Since the robber was in and out in 3 minutes, the maximum time it could have taken for the store manager to reach the store was 3 minutes 30 seconds.
The answer is True.
The attachment contradicts the store manager.
The total losses of the first robbery were $58,194. The total losses of the second robbery were $17,507. This is a percent change of \(\frac{58,194-17,507}{58,194}\), or 69.9%, which confirms the store manager’s claim that the reduction in losses was “nearly 70 percent.”
The answer is False.
3. For each of the following statements, select Yes if the statement can be reasonably inferred from the emails and the attachment. Otherwise, select No.
The robbery could have been prevented if the store manager had installed shatterproof windows.
There’s no information in the tabs about how the robber broke into the store. Thus, there’s no way to tell whether shatterproof windows would have made any difference.
The answer is No.
The alarm company’s phone call to the police lasted less than 45 seconds.
The store manager’s email states that he or she missed the robber by 30 seconds. This means that the alarm company’s phone call to the police (whom they called first) lasted at least 30 seconds, but there’s no way to tell whether that call was longer or shorter than 45 seconds.
The answer is No.
The value of the lenses stolen in the third robbery is less than that of the second robbery.
According to the store manager, the total losses of the third robbery are 40% less than those of the second robbery. However, the store manager doesn’t say that the losses are proportional in all categories. It’s possible that decreases in losses for other goods compensated for an increase in losses for lenses.
The answer is No.
The robbery could have been prevented if the store manager had installed shatterproof windows.
There’s no information in the tabs about how the robber broke into the store. Thus, there’s no way to tell whether shatterproof windows would have made any difference.
The answer is No.
The alarm company’s phone call to the police lasted less than 45 seconds.
The store manager’s email states that he or she missed the robber by 30 seconds. This means that the alarm company’s phone call to the police (whom they called first) lasted at least 30 seconds, but there’s no way to tell whether that call was longer or shorter than 45 seconds.
The answer is No.
The value of the lenses stolen in the third robbery is less than that of the second robbery.
According to the store manager, the total losses of the third robbery are 40% less than those of the second robbery. However, the store manager doesn’t say that the losses are proportional in all categories. It’s possible that decreases in losses for other goods compensated for an increase in losses for lenses.
The answer is No.
General Discussion
11 May 2021, 04:26
Kudos
Bookmarks
Hey Sajjad1994, can you share the OE for the second question ?
I got this "An alarm system was installed at the store in November." wrong, I would love to know where I went wrong?
Thanks.
I got this "An alarm system was installed at the store in November." wrong, I would love to know where I went wrong?
Thanks.
