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Refer to the pictograph reflecting the investment behavior of househol

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Sajjad1994
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Refer to the pictograph reflecting the investment behavior of househol [#permalink] New post   03 Jan 2024, 07:57
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31% (01:58) correct 69% (02:15) wrong based on 133 sessions
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Data Insights (DI) Butler 2023-24 [Question #183, Date: Jan-03-2024] [Click here for Details]




Refer to the pictograph reflecting the investment behavior of households in a city.

Use the dropdown menus to complete the statements accurately, using the information provided in the diagram.

Households that invested in at least one of real estate and stocks represent of the total households in the city.

Households that invested in maximum one of the two investments - real estate and stocks - represent of the households in the city.

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Dropdown 1: 78% Dropdown 2: 84%
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Refer to the pictograph reflecting the investment behavior of househol [#permalink] New post   Updated on: 04 Jan 2024, 15:15
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My answer:

1) \(\frac{(16+8+15) }{ (16+8+15+11)} = 0.78\)

2) \(\frac{42 }{ (16+8+15+11)} = 0.84\)

Originally posted by Lodz697 on 04 Jan 2024, 05:32.
Last edited by Lodz697 on 04 Jan 2024, 15:15, edited 2 times in total.
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Re: Refer to the pictograph reflecting the investment behavior of househol [#permalink] New post   04 Jan 2024, 10:01
how the second one is 48% can you explain it please Sajjad1994
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Re: Refer to the pictograph reflecting the investment behavior of househol [#permalink] New post   04 Jan 2024, 10:58
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lovesuit wrote:
how the second one is 48% can you explain it please Sajjad1994


The answer to the second question is 84%.
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Re: Refer to the pictograph reflecting the investment behavior of househol [#permalink] New post   06 Jan 2024, 02:57
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lovesuit wrote:
how the second one is 48% can you explain it please Sajjad1994


As the question said, "maximum one" It includes households with one and no investments but not both.

Household with both investments are = 8*1000= 8000

Total household = 50*1000 = 50,000

50,000-8,000= 42,000

(42,000/50,000)*100 = 84%

Answer: E
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Re: Refer to the pictograph reflecting the investment behavior of househol [#permalink] New post   11 Apr 2024, 00:23
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Households that invested in at least one of real estate and stocks represent [78%] of the total households in the city.
Invested in neither: 11
Invested in RE only: 16
Invested in Stocks only: 15
Invested in both: 8
=> Total: 50
% Invested in neither: \(\frac{11}{50} = 22%\)
=> % invested in at least one of RE or Stocks: 100% - 22% = 78%


Households that invested in maximum one of the two investments - real estate and stocks - represent [84%] of the households in the city.

% Invested in both: \(\frac{8}{50} = 16%\)
% Invested in max 1 of the 2 investment (RE and Stocks): 100% - 16% = 84%­
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Re: Refer to the pictograph reflecting the investment behavior of househol [#permalink]
11 Apr 2024, 00:23
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