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.
Thank you for using the timer!
We noticed you are actually not timing your practice. Click the START button first next time you use the timer.
There are many benefits to timing your practice, including:
1)A,Since with the increasing value of advertising budget the enrollment is also increasing year by year,hence positive correlation.
2)D, Total revenue =1890000$ Per child =9000$ Total number of children= 1890000/9000=210, So per the graph for the enrollment of 210 children the advertisement budget is 18000$
1. Since the value of enrollments increases with an increase in the advertisement budget. The relationship is a strongly positive one.
First Blank: (A) Strongly Positive.
2. Since the total revenue was 1,890,000 at 9000 per child. We can calculate the total number of children by using unitary method and conclude that the total number of children= 1890000/9000 = 210
This value in the graph (210) corresponds to 18000
1. Since the value of enrollments increases with an increase in the advertisement budget. The relationship is a strongly positive one.
First Blank: (A) Strongly Positive.
2. Since the total revenue was 1,890,000 at 9000 per child. We can calculate the total number of children by using unitary method and conclude that the total number of children= 1890000/9000 = 210
This value in the graph (210) corresponds to 18000
Thus, Second Blank: (D) 18000
Posted from my mobile device
Show more
how can advertising budget be same as revenue? Need explanation. thanks,
1. Since the value of enrollments increases with an increase in the advertisement budget. The relationship is a strongly positive one.
First Blank: (A) Strongly Positive.
2. Since the total revenue was 1,890,000 at 9000 per child. We can calculate the total number of children by using unitary method and conclude that the total number of children= 1890000/9000 = 210
This value in the graph (210) corresponds to 18000
Thus, Second Blank: (D) 18000
Posted from my mobile device
how can advertising budget be same as revenue? Need explanation. thanks,
Show more
I had the same doubt. Here's how to think about it:
In real-world business language, revenue = total money received, which may come from multiple sources. Here we can consider revenue to be the money child care centre would generate based on the advertisement budget. We know there's a positive correlation between the two, so the more money you spend on ads, the more enrollments you get and further, the more revenue you generate.
Number of enrolled children = Total revenue/Revenue per child Number of enrolled children = 1,890,000/900 = 210
Now you just need to check, for 210 enrolled students, what was the advertising budget? So corresponding value on X-axis is 18,000 so that's your answer.
You’re not directly relating revenue to ad budget. Instead, you're using the graph’s link between ad budget and enrollment, and the problem’s link between enrollment and revenue, to bridge the two.