Last visit was: 20 Apr 2026, 21:52 It is currently 20 Apr 2026, 21:52
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.
Close
Request Expert Reply
Confirm Cancel
User avatar
BottomJee
User avatar
Retired Moderator
Joined: 05 May 2019
Last visit: 09 Jun 2025
Posts: 994
Own Kudos:
1,456
 [30]
Given Kudos: 1,009
Affiliations: GMAT Club
Location: India
GMAT Focus 1: 645 Q82 V81 DI82
GMAT 1: 430 Q31 V19
GMAT 2: 570 Q44 V25
GMAT 3: 660 Q48 V33
GPA: 3.26
WE:Engineering (Manufacturing)
Products:
GMAT Focus 1: 645 Q82 V81 DI82
GMAT 3: 660 Q48 V33
Posts: 994
Kudos: 1,456
 [30]
4
Kudos
Add Kudos
26
Bookmarks
Bookmark this Post
User avatar
Rotor666
Joined: 07 Jan 2024
Last visit: 24 Sep 2024
Posts: 3
Given Kudos: 43
Posts: 3
Kudos: 0
Kudos
Add Kudos
Bookmarks
Bookmark this Post
User avatar
alexmike
Joined: 08 Jan 2024
Last visit: 08 Jan 2024
Posts: 4
Location: United States
Posts: 4
Kudos: 0
Kudos
Add Kudos
Bookmarks
Bookmark this Post
User avatar
roshomon
Joined: 07 Jan 2024
Last visit: 28 Aug 2025
Posts: 2
Own Kudos:
1
 [1]
Given Kudos: 11
Posts: 2
Kudos: 1
 [1]
1
Kudos
Add Kudos
Bookmarks
Bookmark this Post
For example: if A is population of 15-24, the respective population of other age groups are B,C,D,E,F.
So the total population of house owners are A+B+C+D+E+F.
The lowest percentage of houseowners with debt is for F which is 2.5% of F.
The highest percentage is for C which is 55% of C.
The percentage value of houseowners with debt is also ~ (A*0.2+B*0.45+C*0.55+D*0.45+E*0.25+F(0.025) / A+B+C+D+E+F )*100

Hence, irrespective of actual values of A through F, % of debt houseowners will lie between 2.5% - 55%
User avatar
chetan2u
User avatar
GMAT Expert
Joined: 02 Aug 2009
Last visit: 18 Apr 2026
Posts: 11,230
Own Kudos:
44,980
 [4]
Given Kudos: 335
Status:Math and DI Expert
Location: India
Concentration: Human Resources, General Management
GMAT Focus 1: 735 Q90 V89 DI81
Products:
Expert
Expert reply
GMAT Focus 1: 735 Q90 V89 DI81
Posts: 11,230
Kudos: 44,980
 [4]
2
Kudos
Add Kudos
2
Bookmarks
Bookmark this Post
The attached graph displays the percent of Australian households with owner-occupier household debt for the years of 1993-94 and 2003-04, broken down by the age group of the debtholder. Based on the graph, please answer the questions that follow.

We are not aware of the number of people in each age bracket, so to get the possible range, we will maximize the extreme ends
Upper range: The highest % is in age bracket 35-44 yrs, so we take almost the entire of population to be in this bracket. Hence, the max % can go above 55%.
Lower range: The lowest % is in age bracket 65+ yrs, so we take almost the entire of population to be in this bracket. Hence, the min % can go below 2.5%.
User avatar
GMATBusters
User avatar
GMAT Tutor
Joined: 27 Oct 2017
Last visit: 20 Apr 2026
Posts: 1,921
Own Kudos:
6,853
 [2]
Given Kudos: 241
WE:General Management (Education)
Expert
Expert reply
Posts: 1,921
Kudos: 6,853
 [2]
2
Kudos
Add Kudos
Bookmarks
Bookmark this Post
We need to find the weighted average where weights are the number of people which different age groups. Since, we do not know that weights we cannot find the weighted average but we can say that the weighted average must be between min and max percentages. Hence, it must be between 2.5% and 55%
Rotor666
Hi Moderator sir, pls help with the explanation for this piece. I am rather confused with how could we logically conclude the %
­
User avatar
bumpbot
User avatar
Non-Human User
Joined: 09 Sep 2013
Last visit: 04 Jan 2021
Posts: 38,940
Own Kudos:
Posts: 38,940
Kudos: 1,116
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.
Moderators:
Math Expert
109712 posts
498 posts
210 posts