Last visit was: 17 Sep 2026, 20:00 It is currently 17 Sep 2026, 20:00
Home
Messages
Tests
Schools
Events
Close
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Go to My Error Log Learn more
Close
Request Expert Reply
Confirm Cancel
User avatar
iqahmed83
User avatar
Joined: 26 Aug 2016
Last visit: 19 Jul 2019
Posts: 8
Own Kudos:
178
 [2]
Given Kudos: 29
Posts: 8
Kudos: 178
 [2]
If one of the loans in the survey is considered at random 21 Jan 2017, 23:26
Kudos
Add Kudos
2
Bookmarks
Bookmark this Post
Can someone please help me with this?

GMATprep test 6 IR

Archived Topic
Hi there,
This topic has been closed and archived due to inactivity or violation of community quality standards. No more replies are possible here.
Where to now? Join ongoing discussions on thousands of quality questions in our Data Insights Questions Forum
Still interested in this question? Check out the "Best Topics" block below for a better discussion on this exact question, as well as several more related questions.
Thank you for understanding, and happy exploring!

Attachments

Screen Shot 2017-01-22 at 10.03.04 AM.png
Screen Shot 2017-01-22 at 10.03.04 AM.png [ 124.33 KiB | Viewed 14541 times ]

avatar
raghaw
avatar
Joined: 23 Nov 2013
Last visit: 20 Jun 2017
Posts: 14
Own Kudos:
32
Given Kudos: 94
Posts: 14
Kudos: 32
If one of the loans in the survey is considered at random 19 Feb 2017, 05:12
Kudos
Add Kudos
Bookmarks
Bookmark this Post
1. Yes If % of loan a zero % interest is more than probability is more.
2. Can not be inferred from only one tab. Some relevant information may be in other tabs.
3. No only one village is satisfying this condition and its % of loan a zero % interest is less than average of all villages so probability will also be less.
avatar
sillyboy
avatar
Joined: 04 Dec 2016
Last visit: 19 Mar 2017
Posts: 36
Own Kudos:
128
Given Kudos: 25
Location: India
GPA: 3.8
WE:Operations (Other)
Products:
My Reviews
Posts: 36
Kudos: 128
If one of the loans in the survey is considered at random 07 Mar 2017, 21:51
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Can someone provide a detailed explanation? TIA
User avatar
ZenYogi
User avatar
Joined: 03 Jan 2016
Last visit: 02 May 2022
Posts: 99
Own Kudos:
25
Given Kudos: 59
Location: India
Schools: ISB '19 Goizueta '20 (A) Anderson '20 (D) Rotman '20 (WL) Kelley '20 (A) Kenan-Flagler '21 (A$)
GMAT 1: 640 Q49 V29
GMAT 2: 760 Q51 V41
GPA: 3.2
Schools: ISB '19 Goizueta '20 (A) Anderson '20 (D) Rotman '20 (WL) Kelley '20 (A) Kenan-Flagler '21 (A$)
GMAT 2: 760 Q51 V41
Posts: 99
Kudos: 25
If one of the loans in the survey is considered at random 10 Apr 2017, 13:01
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Have to agree with Raghaw's explanation above
For 1, There is a positive correlation between the interest rates and the percentage of zero interest loans, so knowing that mean interest rate is greater than 45%, eliminates data points where percentage of zero-interest loans are lower, and thereby increasing the probability that the loan is a zero interest loan.
Nothing can be deduced about 2 from the given tab.
3, No, that leaves just one data point on the graph, and thus the probability which has the least percentage, this would actually decrease the probability


What are the Official answers?
User avatar
Cez005
User avatar
Joined: 13 Dec 2013
Last visit: 11 Feb 2020
Posts: 92
Own Kudos:
149
Given Kudos: 122
Location: United States (NY)
Concentration: General Management, International Business
Schools: Cambridge"19 (A)
GMAT 1: 710 Q46 V41
GMAT 2: 720 Q48 V40
GPA: 4
WE:Consulting (Consulting)
Products:
My Reviews
Schools: Cambridge"19 (A)
GMAT 2: 720 Q48 V40
Posts: 92
Kudos: 149
If one of the loans in the survey is considered at random 13 Apr 2017, 19:33
Kudos
Add Kudos
Bookmarks
Bookmark this Post
raghaw
1. Yes If % of loan a zero % interest is more than probability is more.
2. Can not be inferred from only one tab. Some relevant information may be in other tabs.
3. No only one village is satisfying this condition and its % of loan a zero % interest is less than average of all villages so probability will also be less.
Show more

What does your explanation for 1. mean?
User avatar
bumpbot
User avatar
Non-Human User
Joined: 09 Sep 2013
Last visit: 04 Jan 2021
Posts: 39,222
Own Kudos:
1,160
Posts: 39,222
Kudos: 1,160
If one of the loans in the survey is considered at random 31 May 2024, 20:03
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Automated notice from GMAT Club BumpBot:

A member just gave Kudos to this thread, showing it’s still useful. I’ve bumped it to the top so more people can benefit. Feel free to add your own questions or solutions.

This post was generated automatically.

Archived Topic
Hi there,
This topic has been closed and archived due to inactivity or violation of community quality standards. No more replies are possible here.
Where to now? Join ongoing discussions on thousands of quality questions in our Data Insights Questions Forum
Still interested in this question? Check out the "Best Topics" block above for a better discussion on this exact question, as well as several more related questions.
Thank you for understanding, and happy exploring!
Moderator:
FrozenDragon
DI Forum Moderator
409 posts