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.
Nov 1912:30 PM EST
-01:30 PM EST
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
Nov 2007:30 AM PST
-08:30 AM PST
Learn what truly sets the UC Riverside MBA apart and how it helps in your professional growth
Nov 2001:30 PM EST
-02:30 PM IST
Learn how Kamakshi achieved a GMAT 675 with an impressive 96th %ile in Data Insights. Discover the unique methods and exam strategies that helped her excel in DI along with other sections for a balanced and high score.
Nov 2211:00 AM IST
-01:00 PM IST
Do RC/MSR passages scare you? e-GMAT is conducting a masterclass to help you learn – Learn effective reading strategies Tackle difficult RC & MSR with confidence Excel in timed test environment- Nov 23
11:00 AM IST
-01:00 PM IST
Attend this free GMAT Algebra Webinar and learn how to master the most challenging Inequalities and Absolute Value problems with ease. 
Nov 2407:00 PM PST
-08:00 PM PST
Full-length FE mock with insightful analytics, weakness diagnosis, and video explanations!
Nov 2510:00 AM EST
-11:00 AM EST
Prefer video-based learning? The Target Test Prep OnDemand course is a one-of-a-kind video masterclass featuring 400 hours of lecture-style teaching by Scott Woodbury-Stewart, founder of Target Test Prep and one of the most accomplished GMAT instructors.
30 Dec 2019, 12:34
Kudos
Bookmarks
The category experiencing the smallest percent change in sales from 2009 has the sales estimate closest to 100% of actual sales for 2010.: True
The category with the median rank based on estimated sales for 2010 is the same as the category with the median 6-month sales total based on actual sales for 2010.: False
The total number of actual sales for Building materials & supplies during the same period in 2009 was approximately $120,000.: True
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
85%
(hard)
Question Stats:
62% (03:36) correct
38%
(03:30)
wrong
based on 253
sessions
History
Date
Time
Result
Not Attempted Yet
Estimated | Actual | ||||||||||
| Kind of Business | Jan-June 2010 Est. | Rank | Jan | Feb | March | April | May | June | 6 Month Total | % Change 2009 | % of Estimated Sales |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Motor Vehicle & parts dealers | 402357 | 1 | 61592 | 58779 | 54655 | 60005 | 61547 | 69397 | 365412 | -1.5 | 90.82% |
| Food services & drinking places | 370880 | 2 | 42311 | 49887 | 45332 | 48776 | 58672 | 53221 | 298199 | 1 | 80.4% |
| Food & beverage stores | 342564 | 3 | 51650 | 52346 | 52122 | 55432 | 54332 | 52266 | 318148 | 0.2 | 92.87% |
| General merchandise stores | 310755 | 4 | 51148 | 48366 | 51777 | 49589 | 46166 | 53108 | 300153 | 0.1 | 96.59% |
| Gasoline stations | 254678 | 5 | 34970 | 38999 | 35798 | 32667 | 37596 | 39880 | 219910 | -2.5 | 86.35% |
| Health & personal care stores | 226629 | 6 | 25699 | 34577 | 32987 | 38791 | 30912 | 19776 | 182742 | -0.3 | 80.63% |
| Non-store retailers | 180765 | 7 | 35604 | 33980 | 39887 | 34576 | 33761 | 35972 | 213780 | 3.7 | 118.26% |
| Building materials & supplies | 175664 | 8 | 22996 | 19887 | 18330 | 19977 | 17776 | 15998 | 114854 | -4.3 | 65.38% |
| Clothing & clothing accessories | 175638 | 9 | 21345 | 17498 | 14665 | 23457 | 21789 | 28229 | 126983 | 0.2 | 72.3% |
| Electronics & appliance stores | 77892 | 10 | 7658 | 7652 | 8235 | 7399 | 7685 | 8692 | 47321 | -0.3 | 60.75% |
| Furniture & home furn. stores | 72434 | 11 | 9987 | 9076 | 9087 | 10998 | 10332 | 11002 | 60482 | 0.3 | 83.5% |
| Miscellaneous store retailers | 60998 | 12 | 6592 | 8196 | 9934 | 9922 | 9065 | 9732 | 53441 | 1.1 | 87.61% |
| Hobby, book & music | 49877 | 13 | 7793 | 8072 | 8973 | 9982 | 9057 | 10227 | 54104 | 4.9 | 108.47% |
The table above shows estimated and realized monthly and total sales in millions of dollars for the frst six months of 2010. These 13 categories were chosen because they comprise the largest publicly-held non-fnancial companies worldwide. Percent change from the same period in 2009 is given. Actual sales as a percent of estimated sales are also calculated.
Consider each of the following statements about the information on the previous page. For each statement indicate whether the statement is true or false, based on the information provided in the table.
Show SpoilerAdditional Statement
For all categories in which there was a decrease in sales from 2009 to 2010, there was greater than a 10% difference between actual and estimated sales.
Answer: False
Answer: False
Attachment:
1.jpg [ 129.01 KiB | Viewed 4403 times ]
| True | False | |
| The category experiencing the smallest percent change in sales from 2009 has the sales estimate closest to 100% of actual sales for 2010. | ||
| The category with the median rank based on estimated sales for 2010 is the same as the category with the median 6-month sales total based on actual sales for 2010. | ||
| The total number of actual sales for Building materials & supplies during the same period in 2009 was approximately $120,000. |
ShowHide Answer
Official Answer
The category experiencing the smallest percent change in sales from 2009 has the sales estimate closest to 100% of actual sales for 2010.: True
The category with the median rank based on estimated sales for 2010 is the same as the category with the median 6-month sales total based on actual sales for 2010.: False
The total number of actual sales for Building materials & supplies during the same period in 2009 was approximately $120,000.: True
30 Dec 2019, 13:45
Kudos
Bookmarks
1)True, since the smallest one is General merchandise store with the % change as 0.1 and sales is 96.59~ 100%
2)False, since for one the median is miscellaneous items and for other one it's health& personal care store
3)True ,since with a change % of -4.3 and value of 114854 the original is approximately 120000
4)False, since the Motor vehicles and parts dealer is an exception with a % <10
Posted from my mobile device
2)False, since for one the median is miscellaneous items and for other one it's health& personal care store
3)True ,since with a change % of -4.3 and value of 114854 the original is approximately 120000
4)False, since the Motor vehicles and parts dealer is an exception with a % <10
Posted from my mobile device
27 Nov 2020, 04:24
Kudos
Bookmarks
The answers are :
1) True, the category experiencing the smallest percent change in sales from 2009 is "general merchandise stores" and has the sales estimate closest to 100% of actual sales for 2010.
2)False, the median category for estimated sales is "Non-store Retailers" and the median category for actual sales is "Heath and personal care stores".
3)True, the total number of actual sales for Building materials & supplies during the same period in 2009 was approximately $120,000(1,19,792.722 - total I received on calculating the actual sales for the same period in 2009.)
4)False, for "Motor vehicles and parts dealers" the % difference is less than 10%.
1) True, the category experiencing the smallest percent change in sales from 2009 is "general merchandise stores" and has the sales estimate closest to 100% of actual sales for 2010.
2)False, the median category for estimated sales is "Non-store Retailers" and the median category for actual sales is "Heath and personal care stores".
3)True, the total number of actual sales for Building materials & supplies during the same period in 2009 was approximately $120,000(1,19,792.722 - total I received on calculating the actual sales for the same period in 2009.)
4)False, for "Motor vehicles and parts dealers" the % difference is less than 10%.
