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08 Jul 2021, 20:30
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The higher a company's consumer rating, the higher its annual gross revenue.: True
The longer a company has been in service, the fewer accidents it has per year.: False
The higher a company's gross revenue, the fewer accidents it has per year.: False
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:
26% (01:58) correct
74%
(01:56)
wrong
based on 231
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The table below contains figures pertaining to a number of car service companies. The table shows years of service, vehicle turnover, and general operating data such as revenue, insurance, accident numbers, and number of drivers. The table also shows each company's consumer rating, with "awful" being the worst and "excellent" being the best.
(Sort ↕ the table by clicking on the headers)
Consider each of the following statements. For each statement, indicate whether the statement is "True" or "False," based on the information provided in the table.
| Car Service Company | Years in Service | Consumer Rating | Vehicles Added per Year | Vehicles Retired per Year | Number of Drivers | Annual Gross Revenue | Annual Insurance Costs | Accidents per Year |
|---|---|---|---|---|---|---|---|---|
| BCC Touring | 28 | Excellent | 26 | 20 | 30 | 450875 | 12764 | 2 |
| Bee There | 32 | Subpar | 36 | 34 | 40 | 149437 | 10098 | 16 |
| Deals on Wheels | 23 | Average | 32 | 31 | 52 | 229774 | 9856 | 11 |
| Get a Way | 17 | Subpar | 18 | 17 | 42 | 126250 | 6425 | 15 |
| Hasty Retreat | 40 | Excellent | 29 | 22 | 32 | 472836 | 14268 | 3 |
| Reliable Rides | 25 | Good | 21 | 17 | 28 | 337255 | 9790 | 8 |
| Toll Traversers | 19 | Average | 16 | 14 | 24 | 199850 | 9652 | 12 |
| Wrecks for Rent | 45 | Awful | 8 | 8 | 51 | 97265 | 15364 | 24 |
Consider each of the following statements. For each statement, indicate whether the statement is "True" or "False," based on the information provided in the table.
| True | False | |
| The higher a company's consumer rating, the higher its annual gross revenue. | ||
| The longer a company has been in service, the fewer accidents it has per year. | ||
| The higher a company's gross revenue, the fewer accidents it has per year. |
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Official Answer
The higher a company's consumer rating, the higher its annual gross revenue.: True
The longer a company has been in service, the fewer accidents it has per year.: False
The higher a company's gross revenue, the fewer accidents it has per year.: False
12 Jul 2021, 23:24
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Official Explanation
The table deals with car service companies, and it provides a wide array of information about each of the eight companies. Some of the columns seem to be related to one another, although not always perfectly. For instance, it seems that the companies with higher consumer ratings also tend to have the fewest accidents and the highest gross revenue. Other columns, such as years in service, number of drivers, and insurance costs, don't seem to correlate in a predictable way with other columns in the table.
The higher a company's consumer rating, the higher its annual gross revenue.
Sort the annual gross revenue column and then compare the values with the consumer ratings. Without exception, a higher consumer rating means higher annual gross revenue.
The statement is True.
The longer a company has been in service, the fewer accidents it has per year.
By sorting either on the years in service column or on the accidents column, we find that Wrecks for Rent, the company that has been in service the longest, has the most accidents per year.
The statement is False.
The higher a company's gross revenue, the fewer accidents it has per year.
While this is a general trend, it's not true in all instances, as it would have to be to make the statement true. For example, Hasty Retreat has a higher income than BCC Touring does, yet Hasty Retreat has one more accident per year than BCC Touring does.
The statement is False.
The table deals with car service companies, and it provides a wide array of information about each of the eight companies. Some of the columns seem to be related to one another, although not always perfectly. For instance, it seems that the companies with higher consumer ratings also tend to have the fewest accidents and the highest gross revenue. Other columns, such as years in service, number of drivers, and insurance costs, don't seem to correlate in a predictable way with other columns in the table.
The higher a company's consumer rating, the higher its annual gross revenue.
Sort the annual gross revenue column and then compare the values with the consumer ratings. Without exception, a higher consumer rating means higher annual gross revenue.
The statement is True.
The longer a company has been in service, the fewer accidents it has per year.
By sorting either on the years in service column or on the accidents column, we find that Wrecks for Rent, the company that has been in service the longest, has the most accidents per year.
The statement is False.
The higher a company's gross revenue, the fewer accidents it has per year.
While this is a general trend, it's not true in all instances, as it would have to be to make the statement true. For example, Hasty Retreat has a higher income than BCC Touring does, yet Hasty Retreat has one more accident per year than BCC Touring does.
The statement is False.
