Events & Promotions
|
|
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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Sep 2312:30 AM EDT
-01:30 AM EDT
Learn how Keshav, a Chartered Accountant, scored an impressive 705 on GMAT in just 30 days with GMATWhiz's expert guidance. In this video, he shares preparation tips and strategies that worked for him, including the mock, time management, and more
Sep 2401:30 AM EDT
-01:30 AM EDT
Tejas studied hard but kept repeating the same mistakes. After 3 attempts at 645, a focused 4-week strategy helped him identify and fix what was holding him back—leading to a 695 with just 12–15 hours of study per week.
Sep 2601:00 PM EDT
-04:00 PM EDT
Top scores are possible when you enroll in a powerful GMAT course, taught live online + 6 months access to TTP OnDemand video courses included. Class starts Saturdays Sept. 26, 2026 - Dec. 19, 2026, 1:00pm-4:00pm ES
Sep 2606:00 PM PDT
-07:00 PM PDT
Free- full-length test + 15 concept videos + 150+ short videos + study plan!
Sep 2911:00 AM EDT
-01:00 PM EDT
" Description: Top scores are possible when you enroll in a powerful GMAT course, taught live online + 6 months access to TTP OnDemand video courses included! Class starts Tues/Thur Sept. 29, 2026 - Dec. 3, 2026, 11:00am-1:00pm EST
Oct 0107:00 AM BST
-08:00 AM GMT
Welcome to the GMAT Club's Free Interview Prep Event for Top MBA Programs! Buy tickets - Virtual series that’s all set to equip you to -excel in your MBA interviews.
10 Dec 2019, 12:12
Kudos
Bookmarks
There is at least one other country in which Company X has a greater percentage of the performance plastics market, as a percentage of 2011 sales, than it has of the performance plastics market in the U.S.: Yes
There is a positive correlation between global market share and U.S. market share.: Yes
The Performance Plastics division had greater market share in at least one other country than it had in the United States.: Yes
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
95%
(hard)
Question Stats:
37% (02:35) correct
63%
(02:51)
wrong
based on 269
sessions
History
Date
Time
Result
Not Attempted Yet
The table below displays data from the different divisions of Company X in 2011. Market shares are computed by dividing Company X's total sales (in dollars) for that division by the total sales (in dollars) made by all companies selling products in that category. Market shares are separately calculated for the world (global market share) and for the United States (U.S. market share). Ranks are calculated relative to all companies competing in a particular market.
Select Yes if the statement can be proven true by the evidence provided. Otherwise, select No.
(Sort ↕ the table by clicking on the headers)
12.jpg [ 92.08 KiB | Viewed 7946 times ]
Select Yes if the statement can be proven true by the evidence provided. Otherwise, select No.
| Division | Global Market Share (%) | Global Market Rank | Total U.S. Market Share (%) | U.S. Market Rank |
|---|---|---|---|---|
| Agriculture & Food | 8 | 6 | 12 | 4 |
| Healthcare & Medical | 12 | 4 | 18 | 2 |
| Household Goods & Personal Care | 5 | 5 | 10 | 4 |
| Performance Plastics | 30 | 1 | 26 | 1 |
| Water & Process Solutions | 19 | 1 | 32 | 1 |
Attachment:
12.jpg [ 92.08 KiB | Viewed 7946 times ]
| Yes | No | |
| There is at least one other country in which Company X has a greater percentage of the performance plastics market, as a percentage of 2011 sales, than it has of the performance plastics market in the U.S. | ||
| There is a positive correlation between global market share and U.S. market share. | ||
| The Performance Plastics division had greater market share in at least one other country than it had in the United States. |
ShowHide Answer
Official Answer
There is at least one other country in which Company X has a greater percentage of the performance plastics market, as a percentage of 2011 sales, than it has of the performance plastics market in the U.S.: Yes
There is a positive correlation between global market share and U.S. market share.: Yes
The Performance Plastics division had greater market share in at least one other country than it had in the United States.: Yes
10 Dec 2019, 12:43
Kudos
Bookmarks
Yes since total share is 30% and out of that 26% is in US with 1st rank so there is some other country where the percentage is greater than that of the US
Posted from my mobile device
Posted from my mobile device
10 May 2020, 09:25
Kudos
Bookmarks
Official Explanation
(1) Understand the prompt, and (2) understand the question. Take real time to do so here, since you have complex data and a statement that is worded in a cumbersome way. Now, as you consider your approach, it may seem as if the answer to this question is No. How can you prove such a statement? All we know about performance plastics is that Company X has 26% of the U.S. market and 30% of the world market, and that both positions are #1 (meaning that no other company has a larger share of either market). Well, lets play “devils advocate” and try to poke a hole in the statement.
Imagine that the statement is false. That is, there is no other country in which X s share is greater than it is in the U.S. So in every other country, X s share of the market is 26% or less. Everywhere in the world, including in the U.S., Company X is making only 26% or less of the revenues that are being made on performance plastics.
Then how can X ’s share of the world market be 30%?
It can’t be!
If Company X ’s global market share is 30%, but its market share in the U.S. is lower than 30%, then somewhere else, its market share must be higher than 30%. You can think of weighted averages. Company X s global market share is the weighted average of its market shares in all countries. For 30% to be the weighted average of 26% and a bunch of other numbers, at least one of those other numbers must be greater than 30%.
Thus, the statement must be true. The answer is Yes.
(1) Understand the prompt, and (2) understand the question. Take real time to do so here, since you have complex data and a statement that is worded in a cumbersome way. Now, as you consider your approach, it may seem as if the answer to this question is No. How can you prove such a statement? All we know about performance plastics is that Company X has 26% of the U.S. market and 30% of the world market, and that both positions are #1 (meaning that no other company has a larger share of either market). Well, lets play “devils advocate” and try to poke a hole in the statement.
Imagine that the statement is false. That is, there is no other country in which X s share is greater than it is in the U.S. So in every other country, X s share of the market is 26% or less. Everywhere in the world, including in the U.S., Company X is making only 26% or less of the revenues that are being made on performance plastics.
Then how can X ’s share of the world market be 30%?
It can’t be!
If Company X ’s global market share is 30%, but its market share in the U.S. is lower than 30%, then somewhere else, its market share must be higher than 30%. You can think of weighted averages. Company X s global market share is the weighted average of its market shares in all countries. For 30% to be the weighted average of 26% and a bunch of other numbers, at least one of those other numbers must be greater than 30%.
Thus, the statement must be true. The answer is Yes.
