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# If one of the loans in the survey is considered at random

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Intern
Joined: 26 Aug 2016
Posts: 10
If one of the loans in the survey is considered at random  [#permalink]

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21 Jan 2017, 23:26
1

GMATprep test 6 IR
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Intern
Joined: 23 Nov 2013
Posts: 20
If one of the loans in the survey is considered at random  [#permalink]

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19 Feb 2017, 05:12
1. Yes If % of loan a zero % interest is more than probability is more.
2. Can not be inferred from only one tab. Some relevant information may be in other tabs.
3. No only one village is satisfying this condition and its % of loan a zero % interest is less than average of all villages so probability will also be less.
Manager
Joined: 04 Dec 2016
Posts: 57
Location: India
GPA: 3.8
WE: Operations (Other)
If one of the loans in the survey is considered at random  [#permalink]

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07 Mar 2017, 21:51
Can someone provide a detailed explanation? TIA
Manager
Joined: 03 Jan 2016
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Location: India
GMAT 1: 640 Q49 V29
GMAT 2: 760 Q51 V41
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Re: If one of the loans in the survey is considered at random  [#permalink]

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10 Apr 2017, 13:01
Have to agree with Raghaw's explanation above
For 1, There is a positive correlation between the interest rates and the percentage of zero interest loans, so knowing that mean interest rate is greater than 45%, eliminates data points where percentage of zero-interest loans are lower, and thereby increasing the probability that the loan is a zero interest loan.
Nothing can be deduced about 2 from the given tab.
3, No, that leaves just one data point on the graph, and thus the probability which has the least percentage, this would actually decrease the probability

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Re: If one of the loans in the survey is considered at random  [#permalink]

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13 Apr 2017, 19:33
raghaw wrote:
1. Yes If % of loan a zero % interest is more than probability is more.
2. Can not be inferred from only one tab. Some relevant information may be in other tabs.
3. No only one village is satisfying this condition and its % of loan a zero % interest is less than average of all villages so probability will also be less.

What does your explanation for 1. mean?
Re: If one of the loans in the survey is considered at random &nbs [#permalink] 13 Apr 2017, 19:33
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# If one of the loans in the survey is considered at random

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