In the town of Snyder, Bank A and Bank B were exhibitors at the annual

In the town of Snyder, Bank A and Bank B were exhibitors at the annual Snyder Days Summer Festival in an attempt to find new depositors. Both Bank A and Bank B displayed booths and manned the booths with bank employees. At the end of festival, Bank A had registered 50 new depositors, and Bank B had registered 20 new depositors, leading to $200,000 in new deposits for each bank. Banks A and Bank B each spent $5,000 obtaining the new deposits from the festival, and each calculated its likely profits from the festival at $3,000.

Which of the following conclusions can be most properly drawn from the statements above?

a) Bank A and Bank B generated equivalent revenue from the festival
b) On average, Bank A's new depositors deposited more money than did the new depositors of Bank B
c) On the last day of the festival, Bank A and bank B each received the same number of new deposits
d) Bank A has more depositors than does Bank B
e) At the festival, Bank B specifically targeted those who would be able to deposit higher amounts of money

I got it wrong (don't have the OA), but here's my approach:

That's a valid question.

In the town of Snyder, Bank A and Bank B were exhibitors at the annual Snyder Days Summer Festival in an attempt to find new depositors. Both Bank A and Bank B displayed booths and manned the booths with bank employees. At the end of festival, Bank A had registered 50 new depositors, and Bank B had registered 20 new depositors, leading to $200,000 in new deposits for each bank. Banks A and Bank B each spent $5,000 obtaining the new deposits from the festival, and each calculated its likely profits from the festival at $3,000.

Which of the following conclusions can be most properly drawn from the statements above?

a) Bank A and Bank B generated equivalent revenue from the festival
b) On average, Bank A's new depositors deposited more money than did the new depositors of Bank B
c) On the last day of the festival, Bank A and bank B each received the same number of new deposits
d) Bank A has more depositors than does Bank B
e) At the festival, Bank B specifically targeted those who would be able to deposit higher amounts of money

I got it wrong (don't have the OA), but here's my approach:

Yes; A would be correct. The passage says that both banks got $20000.

daagh sir

The passage also says that "A has more depositors than B". So why can't D be the answer?

At the end of festival, Bank A had registered 50 new depositors, and Bank B had registered 20 new depositors

daagh sir

The passage also says that "A has more depositors than B". So why can't D be the answer?

a) Bank A and Bank B generated equivalent revenue from the festival - REVENUE vs. PROFIT
b) On average, Bank A's new depositors deposited more money than did the new depositors of Bank B - opposite may be true
c) On the last day of the festival, Bank A and bank B each received the same number of new deposits - maybe, maybe not.
d) Bank A has more depositors than does Bank B - in question are NEW depositors, not total
e) At the festival, Bank B specifically targeted those who would be able to deposit higher amounts of money - IMO, correct

IMO option A and E both should be valid. How is E wrong here?

In the town of Snyder, Bank A and Bank B were exhibitors at the annual Snyder Days Summer Festival in an attempt to find new depositors. Both Bank A and Bank B displayed booths and manned the booths with bank employees. At the end of festival, Bank A had registered 50 new depositors, and Bank B had registered 20 new depositors, leading to $200,000 in new deposits for each bank. Banks A and Bank B each spent $5,000 obtaining the new deposits from the festival, and each calculated its likely profits from the festival at $3,000.

Which of the following conclusions can be most properly drawn from the statements above?


A. Bank A and Bank B generated equivalent revenue from the festival

B. On average, Bank A's new depositors deposited more money than did the new depositors of Bank B

C. On the last day of the festival, Bank A and bank B each received the same number of new deposits

D. Bank A has more depositors than does Bank B

E. At the festival, Bank B specifically targeted those who would be able to deposit higher amounts of money