Question Analysislet \(avg_s \) be average revenue for songs, and number of songs be \(s \)
let \(avg_p\) be average revenue for podcasts, and number of podcasts be \(p \)
Given: \(3p = s\)
To find : if total revenue for songs > total revenue for podcasts
\(\\
avg_s * s> avg_p > p \\
avg_s * 3p > avg_p * p \\
3 * avg_s > avg_p ---------------------------- I\\
\)
\(Eqn I\) is what we need to confirm
Statement (1) The average (arithmetic mean) revenue earned per podcast stream on the platform yesterday was 12 cents more than the average revenue earned per song stream on the platform yesterday.this tells us that \(avg_p = 0.12 + avg_s\)
Substituting in I
Is \( 3 * avg_s > avg_p\\
>> 3 * avg_s > 0.12 + avg_s \\
>> avg_s > 0.06 ?\\
\)
We have no way of finding out if \(avg_s > 0.06\)
We could have\( avg_s = 0.05\), and \(avg_p = 0.17\)
or \(avg_s = 0.07\) and \(avg_p = 0.19\)
So statement 1 is not sufficient
Statement (2) Yesterday, the average revenue per stream, calculated across both songs and podcasts, exceeded 20 cents. Total number = \(s+p = 4p\)
Total revenue from songs & podcasts = \(s*avg_s + p*avg_p = p*(3avg_s + avg_p) \)
this statement says \(\frac{ p*(3avg_s + avg_p) } {4p} = \frac{ 3avg_s + avg_p } {4} > 0.20\)
\(\\
>> 3avg_s + avg_p > 0.8 \\
\\
\)
Here again we could have \(avg_s = 0.2\), then \(3*avg_s = 0.6 > avg_p = 0.3 \)
and we could have \(avg_s = 0.1\), then \(3*avg_s = 0.3 < avg_p = 0.6 \)
So statement 2 alone is not sufficient
Combining Statement 1 and 2 \(3avg_s + avg_p > 0.8 \) ----- a
\(avg_p = 0.12 + avg_s\) ------ b
substitute b in a
\(\\
3avg_s + 0.12 + avg_s > 0.8 \\
4avg_s > 0.68\\
avg_s > 0.06 \\
\\
\)
This is what we needed to check, and combining statement 1 and 2 gives us the answer
Hence answer is C