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17 Dec 2014, 07:53
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B
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Difficulty:
35%
(medium)
Question Stats:
78% (02:19) correct
22%
(02:01)
wrong
based on 198
sessions
History
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Not Attempted Yet
In year X a total of 355 billion dollars was spent for health care in the United States, 30 percent of which was spent by private health insurance companies. Was the amount spent for health care by the federal government's medicare program less than 60 billion dollars?
(1) In year X medicare spent more than 1/2, but less than 2/3, of the amount spent by the private health insurance companies for health care.
(2) In year X medicare spent 50 billion dollars less for health care than the amount spent by private health insurance companies.
(1) In year X medicare spent more than 1/2, but less than 2/3, of the amount spent by the private health insurance companies for health care.
(2) In year X medicare spent 50 billion dollars less for health care than the amount spent by private health insurance companies.
17 Dec 2014, 10:20
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30% of 355= 0.3*355
1. Medicare spent on health care between 1/2 and 2/3 of 0.3*355
i.e between 0.5*0.3*355 and (2/3)*0.3*355 i.e 52.xx and 71. So we cant say. Insufficient
2. 0.3*355-50=56.5 . Sufficient
Ans B
2.
1. Medicare spent on health care between 1/2 and 2/3 of 0.3*355
i.e between 0.5*0.3*355 and (2/3)*0.3*355 i.e 52.xx and 71. So we cant say. Insufficient
2. 0.3*355-50=56.5 . Sufficient
Ans B
2.
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17 Dec 2014, 10:32
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1 -> Provides a range spanning on either side of 60B$. Not Sufficient
2 -> Exact amount of expense. Sufficient
IMO B.
2 -> Exact amount of expense. Sufficient
IMO B.
