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VeritasKarishma
mindsprout
VeritasPrepKarishma
I read your post
The reason below why I do not find A as the correct answer
Here we are talking about only the currently 'active' 70 professional opera companies, so the companies which are inactive or closed are not the set we are discussing in the question, we can say that if 45 are active now in last 30 years (which remained active after 50 were closed and 95 in total were founded) can still show that there is an explosion in interest because we don't know how many companies failed before 30 years to keep the 25 companies active (70 = 45 + 25), probably there were 200 companies founded before 30 years and only 25 remained active, because people weren't that interested and hence now there is an explosion of interest because approx. 50% of the companies founded in last 30 decades remained active and survived, as compared to the 12.5% of companies that remained active before 30 decades (here 12.5% means 25 out of 200 and approx. 50% means 45 out of 95)
I read your post
The reason below why I do not find A as the correct answer
Here we are talking about only the currently 'active' 70 professional opera companies, so the companies which are inactive or closed are not the set we are discussing in the question, we can say that if 45 are active now in last 30 years (which remained active after 50 were closed and 95 in total were founded) can still show that there is an explosion in interest because we don't know how many companies failed before 30 years to keep the 25 companies active (70 = 45 + 25), probably there were 200 companies founded before 30 years and only 25 remained active, because people weren't that interested and hence now there is an explosion of interest because approx. 50% of the companies founded in last 30 decades remained active and survived, as compared to the 12.5% of companies that remained active before 30 decades (here 12.5% means 25 out of 200 and approx. 50% means 45 out of 95)
My post tells you that the answer is (B), not (A). I am assuming it is a typo in your post above.
The probability of a place succeeding depends on many many factors - location, policies, management, quality of product, service etc.
Continuing with the example of a pizza parlor, it may shut down because the recipe of the sauce is not good - pizza might still be very popular. So survival rate is not a measure of popularity of a product. But number of outlets surviving are. If last year, there were 100 pizza outlets surviving in a city and this year there are 200 surviving then we can say that pizza is more popular now than before.
Dear VeritasKarishma,
Q1. I know that the post above is 4 years old now. However, if you could remember, could you please explain more on the highlighted portion above?
For example, let's say over the course of the last 30 years 1000 were founded. According to the passage, 45 are still survive. The survival rate is 4.5% Here, why don't we really care about the survival rate, i.e. the total 1000 founded?
Q2. From the passage, does it mean that 70 - 45 = 25 currently active companies were founded MORE THAN 30 years ago?
(and since we do not know how many companies existed more than 30 years ago, we cannot calculate SURVIVAL RATE for the concerned batch?)
Thank you as always
12 Jan 2020, 23:23
Kudos
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varotkorn
VeritasKarishma
mindsprout
VeritasPrepKarishma
I read your post
The reason below why I do not find A as the correct answer
Here we are talking about only the currently 'active' 70 professional opera companies, so the companies which are inactive or closed are not the set we are discussing in the question, we can say that if 45 are active now in last 30 years (which remained active after 50 were closed and 95 in total were founded) can still show that there is an explosion in interest because we don't know how many companies failed before 30 years to keep the 25 companies active (70 = 45 + 25), probably there were 200 companies founded before 30 years and only 25 remained active, because people weren't that interested and hence now there is an explosion of interest because approx. 50% of the companies founded in last 30 decades remained active and survived, as compared to the 12.5% of companies that remained active before 30 decades (here 12.5% means 25 out of 200 and approx. 50% means 45 out of 95)
I read your post
The reason below why I do not find A as the correct answer
Here we are talking about only the currently 'active' 70 professional opera companies, so the companies which are inactive or closed are not the set we are discussing in the question, we can say that if 45 are active now in last 30 years (which remained active after 50 were closed and 95 in total were founded) can still show that there is an explosion in interest because we don't know how many companies failed before 30 years to keep the 25 companies active (70 = 45 + 25), probably there were 200 companies founded before 30 years and only 25 remained active, because people weren't that interested and hence now there is an explosion of interest because approx. 50% of the companies founded in last 30 decades remained active and survived, as compared to the 12.5% of companies that remained active before 30 decades (here 12.5% means 25 out of 200 and approx. 50% means 45 out of 95)
My post tells you that the answer is (B), not (A). I am assuming it is a typo in your post above.
The probability of a place succeeding depends on many many factors - location, policies, management, quality of product, service etc.
Continuing with the example of a pizza parlor, it may shut down because the recipe of the sauce is not good - pizza might still be very popular. So survival rate is not a measure of popularity of a product. But number of outlets surviving are. If last year, there were 100 pizza outlets surviving in a city and this year there are 200 surviving then we can say that pizza is more popular now than before.
Dear VeritasKarishma,
Q1. I know that the post above is 4 years old now. However, if you could remember, could you please explain more on the highlighted portion above?
For example, let's say over the course of the last 30 years 1000 were founded. According to the passage, 45 are still survive. The survival rate is 4.5% Here, why don't we really care about the survival rate, i.e. the total 1000 founded?
Q2. From the passage, does it mean that 70 - 45 = 15 currently active companies were founded MORE THAN 30 years ago?
(and since we do not know how many companies existed more than 30 years ago, we cannot calculate SURVIVAL RATE for the concerned batch?)
Thank you as always
Last year, 50 new pizza outlets opened in my neighbourhood but only 20% survived (so only 10 new places survived). Can I say that pizza is no longer popular in my area? No. What if 100 new pizza places have opened up now?
Perhaps pizza is very popular but the outlets closed down because they were not maintaining good quality or hygiene etc. We need to keep in mind how many new places are coming up. What if 2 new places are coming up in place of every one that is shut down? We cannot say then that the product is not popular.
The passage tells us that of the 70 active companies, 45 were founded in the last 30 years. So 25 were founded more than 30 years ago. But that doesn't concern us. We should think about what happened in the last 30 years (because our conclusion says that public interest has increased in the last 3 decades). If in the last 3 decades only 10 previous companies shut down but 45 were founded, we can say that interest has increased. But if in the last 3 decades 100 previous companies were shut down but 45 were founded, then the interest seems to have decreased.
13 Jan 2020, 00:22
Kudos
Bookmarks
VeritasKarishma
Last year, 50 new pizza outlets opened in my neighbourhood but only 20% survived (so only 10 new places survived). Can I say that pizza is no longer popular in my area? No. What if 100 new pizza places have opened up now?
Perhaps pizza is very popular but the outlets closed down because they were not maintaining good quality or hygiene etc. We need to keep in mind how many new places are coming up. What if 2 new places are coming up in place of every one that is shut down? We cannot say then that the product is not popular.
The passage tells us that of the 70 active companies, 45 were founded in the last 30 years. So 25 were founded more than 30 years ago. But that doesn't concern us. We should think about what happened in the last 30 years (because our conclusion says that public interest has increased in the last 3 decades). If in the last 3 decades only 10 previous companies shut down but 45 were founded, we can say that interest has increased. But if in the last 3 decades 100 previous companies were shut down but 45 were founded, then the interest seems to have decreased.
Perhaps pizza is very popular but the outlets closed down because they were not maintaining good quality or hygiene etc. We need to keep in mind how many new places are coming up. What if 2 new places are coming up in place of every one that is shut down? We cannot say then that the product is not popular.
The passage tells us that of the 70 active companies, 45 were founded in the last 30 years. So 25 were founded more than 30 years ago. But that doesn't concern us. We should think about what happened in the last 30 years (because our conclusion says that public interest has increased in the last 3 decades). If in the last 3 decades only 10 previous companies shut down but 45 were founded, we can say that interest has increased. But if in the last 3 decades 100 previous companies were shut down but 45 were founded, then the interest seems to have decreased.
Dear VeritasKarishma,
Thank you for your reply
I have one follow-up question.
According to the highlighted portion above, I suppose that "previous companies" mean the same thing as companies that had been active 30 years ago in the correct answer.
My questions are:
Q1. Does companies that had been active 30 years ago mean the companies that were founded MORE than 30 years ago?
Q2. Are the 25 companies according to the passage also in this category?
Thank you as always Ma'am
