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M03-27

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Senior Manager
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S
Joined: 04 Oct 2015
Posts: 395

Kudos [?]: 29 [0], given: 238

Location: Viet Nam
Concentration: Finance, Economics
GPA: 3.56
Premium Member Reviews Badge CAT Tests
Re M03-27 [#permalink]

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New post 13 Jul 2017, 07:11
I think this is a poor-quality question. In finance, there are many ways (at least 2) to calculate the average.

The solution relies too much on the specific technique to calculate.

--> not GMAT-Type.
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Kudos [?]: 29 [0], given: 238

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Joined: 02 Sep 2009
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Re: M03-27 [#permalink]

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New post 13 Jul 2017, 09:11
leanhdung wrote:
I think this is a poor-quality question. In finance, there are many ways (at least 2) to calculate the average.

The solution relies too much on the specific technique to calculate.

--> not GMAT-Type.


I don't see any problem with the question.
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M03-27 [#permalink]

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New post 13 Jul 2017, 09:33
Bunuel wrote:
A corporation with 5,000,000 shares of publicly traded stock reported total earnings of $7.20 per share for the first 9 months of operation. If during the final quarter, the number of publicly listed shares was increased to 10,000,000, and fourth quarter earnings were reported at $1.25 per share, what are the average annual earnings per share based on the number of shares at the end of the year?

A. 1.75
B. 2.40
C. 3.15
D. 3.60
E. 4.85


Dear Bunuel

The question ask about average. However, you categorize this problem as combination and probability. I think it should be under 'Arithmetic' or 'stats and set problems'.

What do you think?

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Re: M03-27 [#permalink]

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New post 28 Nov 2017, 05:50
I think question stem should read "annual earnings per share".

Writing average annual confuses reader. It implies two meanings average over month and average over per share

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Re: M03-27   [#permalink] 28 Nov 2017, 05:50

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