GMAT Question of the Day - Daily to your Mailbox; hard ones only

It is currently 12 Nov 2018, 23:01

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Close

Request Expert Reply

Confirm Cancel
Events & Promotions in November
PrevNext
SuMoTuWeThFrSa
28293031123
45678910
11121314151617
18192021222324
2526272829301
Open Detailed Calendar
  • Essential GMAT Time-Management Hacks

     November 14, 2018

     November 14, 2018

     07:00 PM PST

     08:00 PM PST

    Join the webinar and learn time-management tactics that will guarantee you answer all questions, in all sections, on time. Save your spot today! Nov. 14th at 7 PM PST
  • $450 Tuition Credit & Official CAT Packs FREE

     November 15, 2018

     November 15, 2018

     10:00 PM MST

     11:00 PM MST

    EMPOWERgmat is giving away the complete Official GMAT Exam Pack collection worth $100 with the 3 Month Pack ($299)

Exposure to the rising values in the stock market, particul

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  

GMAT Pill - CR

You may select 1 option
Author Message
TAGS:

Hide Tags

Intern
Intern
avatar
Joined: 31 May 2013
Posts: 6
Exposure to the rising values in the stock market, particul  [#permalink]

Show Tags

New post Updated on: 17 Aug 2013, 06:05
4
00:00
A
B
C
D
E

Difficulty:

  65% (hard)

Question Stats:

61% (02:14) correct 39% (02:29) wrong based on 243 sessions

HideShow timer Statistics

Exposure to the rising values in the stock market, particularly stock in technology companies, entices many families to stop renting and start buying a house. Industry data shows that the proportion of families applying for home mortgages has increased significantly over the past ten years. Therefore, either families have invested in the stock market and experienced larger gains in value, or their desire to buy a house is greater than it was ten years ago.

Which of the following is an assumption on which the argument depends?

(A) The number of bankers employed to service home mortgages has not decreased over the past ten years.
(B) Families who buy a house are no more likely than other families to spend their money on a new car.
(C) Families who buy a house are not more likely to get a home mortgage now than they were ten years ago.
(D) Rising values in stocks have not been typical for companies outside of the technology sector.
(E) Family households investing in the stock market do not make up a larger proportion of the population now than they did ten years ago.


OA is ...tell me what is the conclusion and the premise supporting it.

Thanks All.

Originally posted by asquare4120 on 17 Aug 2013, 04:25.
Last edited by Narenn on 17 Aug 2013, 06:05, edited 1 time in total.
Topic Edited :- 1) Please use the first sentence of the question to name the topic 2) Always put the OA in the spoiler
Intern
Intern
User avatar
Joined: 09 Jun 2013
Posts: 49
GMAT 1: 680 Q49 V33
GMAT 2: 690 Q49 V34
GPA: 3.86
WE: Analyst (Advertising and PR)
Re: Exposure to the rising values in the stock market, particul  [#permalink]

Show Tags

New post 17 Aug 2013, 08:07
1
1
Let me help you with this one.

This is the assumption question. The premise is, "Exposure to the rising values in the stock market, particularly stock in technology companies, entices many families to stop renting and start buying a house. Industry data shows that the proportion of families applying for home mortgages has increased significantly over the past ten years." The conclusion is, "Therefore, either families have invested in the stock market and experienced larger gains in value, or their desire to buy a house is greater than it was ten years ago." The conclusion says that there are only two possibilities to explain why the the proportion of families applying for home mortgages has increased significantly over the past ten years.

(A) The number of bankers employed to service home mortgages has not decreased over the past ten years. Try negating this answer choice. The number of bankers employed to service home mortgages HAS decreased over the past ten years. Does this weaken the argument? No! Therefore, this answer choice is incorrect. Remember that when negated, the correct answer choice always weakens the argument.
(B) Families who buy a house are no more likely than other families to spend their money on a new car. Does the argument need this assumption so that it holds true? No!
(C) Families who buy a house are not more likely to get a home mortgage now than they were ten years ago. This is the correct answer. This assumption plays a defender role by ruling out the other possible explanation besides the TWO possible explanations provided by the argument. Alternatively, when the answer choice is negated, this weakens the argument by stating there is another possible explanation which is Families who buy a house ARE more likely to get a home mortgage now than they were ten years ago
(D) Rising values in stocks have not been typical for companies outside of the technology sector.
(E) Family households investing in the stock market do not make up a larger proportion of the population now than they did ten years ago.

For answer (D) and (E), we do not need each of these as the assumption for the argument to hold true. When you are stuck between two or three choices, try to negate the answer choice. For assumption questions, try to ask yourself whether do you need this for the argument to be valid. Cheer!
_________________

Don't be afraid to fail, but be afraid not to try

Non-Human User
User avatar
Joined: 01 Oct 2013
Posts: 3365
Premium Member
Re: Exposure to the rising values in the stock market, particul  [#permalink]

Show Tags

New post 23 Jul 2018, 05:08
Hello from the GMAT Club VerbalBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
_________________

-
April 2018: New Forum dedicated to Verbal Strategies, Guides, and Resources

GMAT Club Bot
Re: Exposure to the rising values in the stock market, particul &nbs [#permalink] 23 Jul 2018, 05:08
Display posts from previous: Sort by

Exposure to the rising values in the stock market, particul

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  


Copyright

GMAT Club MBA Forum Home| About| Terms and Conditions and Privacy Policy| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.