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15 Apr 2025, 04:17
Kudos
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The total revenue for Product P1 across all regions increased by more than 10% between 2021 and 2023.: True
For Product P2, the North region consistently generated higher revenue than the South region and the West region in each of the three years.: True
The total revenue for Product P4 in all regions in 2023 exceeded $900,000.: False
The table below shows the revenue generated (in thousands of dollars) by four products (P1, P2, P3, and P4) across three regions (North, South, and West) for the years 2021, 2022, and 2023.
For each of the following statements, select True if the statement can be verified as true based on the information provided. Otherwise, select False.
| Product | Region | 2021 Revenue (thousands) | 2022 Revenue (thousands) | 2023 Revenue (thousands) |
|---|---|---|---|---|
| P1 | North | 150 | 175 | 190 |
| P1 | South | 120 | 140 | 160 |
| P1 | West | 100 | 130 | 140 |
| P2 | North | 200 | 220 | 250 |
| P2 | South | 180 | 190 | 230 |
| P2 | West | 170 | 180 | 200 |
| P3 | North | 100 | 110 | 130 |
| P3 | South | 90 | 95 | 110 |
| P3 | West | 80 | 85 | 90 |
| P4 | North | 250 | 270 | 290 |
| P4 | South | 220 | 240 | 260 |
| P4 | West | 200 | 230 | 250 |
For each of the following statements, select True if the statement can be verified as true based on the information provided. Otherwise, select False.
| True | False | |
| The total revenue for Product P1 across all regions increased by more than 10% between 2021 and 2023. | ||
| For Product P2, the North region consistently generated higher revenue than the South region and the West region in each of the three years. | ||
| The total revenue for Product P4 in all regions in 2023 exceeded $900,000. |
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Official Answer
The total revenue for Product P1 across all regions increased by more than 10% between 2021 and 2023.: True
For Product P2, the North region consistently generated higher revenue than the South region and the West region in each of the three years.: True
The total revenue for Product P4 in all regions in 2023 exceeded $900,000.: False
15 Apr 2025, 04:17
Kudos
Bookmarks
Official Solution:
The total revenue for Product P1 across all regions increased by more than 10% between 2021 and 2023.
• Quickly checking each region for Product P1, we can see that in each case the increase from 2021 to 2023 was more than 10% (from 150 to 190; from 120 to 160; from 100 to 140). Since the revenue in each region increased by more than 10%, the total revenue across all regions must have increased by more than 10% as well. No need to calculate anything. This statement is True.
For Product P2, the North region consistently generated higher revenue than the South region and the West region in each of the three years.
• We compare the revenue of P2 in the North region against the South and West regions for each year:
2021: North = 200; South = 180; West = 170 → North is highest
2022: North = 220; South = 190; West = 180 → North is highest
2023: North = 250; South = 230; West = 200 → North is highest
Since North had higher revenue for P2 in all three years, this statement is True.
The total revenue for Product P4 in all regions in 2023 exceeded $900,000.
• 2023 Total Revenue for P4 = 290 (North) + 260 (South) + 250 (West) = 800 thousand dollars. Since 800 thousand is less than 900 thousand, this statement is False.
Correct answer:
The total revenue for Product P1 across all regions increased by more than 10% between 2021 and 2023. "True"
For Product P2, the North region consistently generated higher revenue than the South region and the West region in each of the three years. "True"
The total revenue for Product P4 in all regions in 2023 exceeded $900,000. "False"
Bunuel
The total revenue for Product P1 across all regions increased by more than 10% between 2021 and 2023.
• Quickly checking each region for Product P1, we can see that in each case the increase from 2021 to 2023 was more than 10% (from 150 to 190; from 120 to 160; from 100 to 140). Since the revenue in each region increased by more than 10%, the total revenue across all regions must have increased by more than 10% as well. No need to calculate anything. This statement is True.
For Product P2, the North region consistently generated higher revenue than the South region and the West region in each of the three years.
• We compare the revenue of P2 in the North region against the South and West regions for each year:
2021: North = 200; South = 180; West = 170 → North is highest
2022: North = 220; South = 190; West = 180 → North is highest
2023: North = 250; South = 230; West = 200 → North is highest
Since North had higher revenue for P2 in all three years, this statement is True.
The total revenue for Product P4 in all regions in 2023 exceeded $900,000.
• 2023 Total Revenue for P4 = 290 (North) + 260 (South) + 250 (West) = 800 thousand dollars. Since 800 thousand is less than 900 thousand, this statement is False.
Correct answer:
The total revenue for Product P1 across all regions increased by more than 10% between 2021 and 2023. "True"
For Product P2, the North region consistently generated higher revenue than the South region and the West region in each of the three years. "True"
The total revenue for Product P4 in all regions in 2023 exceeded $900,000. "False"
