EMPOWERgmatRichC wrote:
QUANT 4-PACK SERIES Data Sufficiency Pack 2 Question 3 Four raffle 'winners'...4 raffle ‘winners’ were each given the opportunity to select one envelope from a group of 4 envelopes and won the amount of money that was written inside the envelope. After each winner selected an envelope and was awarded a prize, a new set of 4 envelopes was offered to the next winner, and so on. If the individual amounts in the envelopes were $1,000, $2,000, $3,000 and $4,000, did any of the winners receive the largest prize?
(1) No two winners received the same prize.
(2) The total prize money awarded was $10,000.
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This question is part of the Quant 4-Pack seriesScroll Down For Official Explanation Hi All,
While this DS question is a bit 'wordy', that does not mean that the question is necessarily going to be that 'hard.' We're told that each of 4 raffle winners will select one envelope from a group of 4 envelopes (and the envelopes will award one of the following prizes: $1000, $2000, $3000 or $4000). After each contestant selects an envelope, the next contestant will select from a new group of 4 envelopes with the same prize values. We're asked if any of the 4 winners received the largest prize (meaning the $4000 envelope).
(1) No two winners received the same prize.
This Fact tells us that the same prize was not given out more than once. With 4 winners, and just 4 prize 'values', each of the 4 prizes had to have been given out just once. Thus, there was one $1000 winner, one $2000 winner, one $3000 winner and one $4000 winner. The answer to the question is YES.
Fact 1 is SUFFICIENT
(2) The total prize money awarded was $10,000.
With this Fact, and the knowledge that 4 prizes we awarded, the 'obvious' possibility is to assume that each prize was awarded once:
$1000 + $2000 + $3000 + $4000 = $10,000 and the answer to the question would be YES.
However, there is more than one way to get to a $10,000 total:
$1000 + $3000 + $3000 + $3000 = $10,000 and the answer to the question would be NO.
Fact 2 is INSUFFICIENT
Final Answer:
GMAT assassins aren't born, they're made,
Rich