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02 Mar 2024, 00:22
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The national rank in Sales Revenue and national rank in Sales Volume are positively correlated.: Yes
If no company had less than 1% of National Sales Revenue, then there were only two companies contributing to National Sales revenue in Electronics.: Yes
There were at least four companies dealing with clothing in country X.: No
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Difficulty:
95%
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Question Stats:
63% (02:46) correct
37%
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wrong
based on 496
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EDITED VERSION OF THIS QUESTION IS HERE: the-table-summarizes-2021-data-for-ten-product-categories-sold-by-comp-445409.html
The table below displays data on various products sold by a major retail company Y in country X in 2021. The table compares the sales of each product with overall sales in the country X in that product.
(Sort ↕ the table by clicking on the headers)
For each of the following statements, select Yes if the statement can be shown to be true based on information in the table. Otherwise select No.
The table below displays data on various products sold by a major retail company Y in country X in 2021. The table compares the sales of each product with overall sales in the country X in that product.
| Item | Sales Revenue (National Share %) | Sales Revenue (National Rank) | Sales Volume (National Share %) | Sales Volume (National Rank) |
|---|---|---|---|---|
| Clothes | 26 | 3 | 24 | 2 |
| Shoes | 41 | 2 | 43 | 1 |
| Furniture | 74.5 | 1 | 35 | 1 |
| Electronics | 49.5 | 2 | 32 | 2 |
| Cleaning products | 7 | 5 | 12 | 5 |
| Food products | 36.6 | 3 | 16 | 4 |
For each of the following statements, select Yes if the statement can be shown to be true based on information in the table. Otherwise select No.
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| Yes | No | |
| The national rank in Sales Revenue and national rank in Sales Volume are positively correlated. | ||
| If no company had less than 1% of National Sales Revenue, then there were only two companies contributing to National Sales revenue in Electronics. | ||
| There were at least four companies dealing with clothing in country X. |
ShowHide Answer
Official Answer
The national rank in Sales Revenue and national rank in Sales Volume are positively correlated.: Yes
If no company had less than 1% of National Sales Revenue, then there were only two companies contributing to National Sales revenue in Electronics.: Yes
There were at least four companies dealing with clothing in country X.: No
ThatIndianGuy
18 Mar 2024, 07:45
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Please share explanations for Q2 and Q3
18 Mar 2024, 08:21
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1. The national rank in Sales Revenue and national rank in Sales Volume are positively correlated.
Sort the table as per increasing order of national rank in Sales Revenue and you will find the national rank in Sales Volume too increasing. Hence, both are positively correlated. YES
2. If no company had less than 1% of National Sales Revenue, then there were only two companies contributing to National Sales revenue in Electronics.
Check the row of Electronics, company Y has 49.5% share and yet it is 2nd overall in national ranking. For sure, there is another company that has greater than 49.5% share.
Combined, both these companies have greater than 49.5+49.5 or 99%, so less than 1% is unaccounted for. But we know no company had less than 1% of National sales revenue, so only these two countries contributing, one with 49.5% and other with 50.5%. YES
3. There were at least four companies dealing with clothing in country X.
We have ranking of company Y 3rd and 2nd in national ranking. So, we cannot say whether there are more number of companies below Y. We just know that there are at least 3 companies. NO
ThatIndianGuy
Sort the table as per increasing order of national rank in Sales Revenue and you will find the national rank in Sales Volume too increasing. Hence, both are positively correlated. YES
2. If no company had less than 1% of National Sales Revenue, then there were only two companies contributing to National Sales revenue in Electronics.
Check the row of Electronics, company Y has 49.5% share and yet it is 2nd overall in national ranking. For sure, there is another company that has greater than 49.5% share.
Combined, both these companies have greater than 49.5+49.5 or 99%, so less than 1% is unaccounted for. But we know no company had less than 1% of National sales revenue, so only these two countries contributing, one with 49.5% and other with 50.5%. YES
3. There were at least four companies dealing with clothing in country X.
We have ranking of company Y 3rd and 2nd in national ranking. So, we cannot say whether there are more number of companies below Y. We just know that there are at least 3 companies. NO
ThatIndianGuy
ThatIndianGuy
18 Mar 2024, 21:10
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Thanks. This makes sense. Silly me 
