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Updated on: 22 Oct 2023, 02:05
Originally posted by Sajjad1994 on 10 Mar 2021, 23:30.
Last edited by BottomJee on 22 Oct 2023, 02:05, edited 2 times in total.
Last edited by BottomJee on 22 Oct 2023, 02:05, edited 2 times in total.
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The table above gives production data in number of units for a particular type of transceiver—called an Optical SFP Transceiver—manufactured by four top telecommunications companies in 2017. Units produced in a particular quarter that are not sold during that quarter are added to warehouse inventory.
In the 4th quarter of 2017, Pacific Communications lost a large order for Optical SFP Transceiver units that it had expected to fill that quarter.: Supported
Starcom substantially increased the price for its Optical SFP Transceiver units between the 1st and the 3rd quarter of 2017.: Not Supported
In the 2nd quarter of 2017, Light Speed Technologies implemented new software to limit excess production and eliminate warehouse inventory.: Supported
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
55%
(hard)
Question Stats:
49% (02:50) correct
51%
(02:53)
wrong
based on 1651
sessions
History
Date
Time
Result
Not Attempted Yet
1. For the following statements, select Supported if the scenario described would be logically supported by the data provided for the four telecommunications companies. Otherwise, select Not Supported.
| Supported | Not Supported | |
| In the 4th quarter of 2017, Pacific Communications lost a large order for Optical SFP Transceiver units that it had expected to fill that quarter. | ||
| Starcom substantially increased the price for its Optical SFP Transceiver units between the 1st and the 3rd quarter of 2017. | ||
| In the 2nd quarter of 2017, Light Speed Technologies implemented new software to limit excess production and eliminate warehouse inventory. |
ShowHide Answer
Official Answer
In the 4th quarter of 2017, Pacific Communications lost a large order for Optical SFP Transceiver units that it had expected to fill that quarter.: Supported
Starcom substantially increased the price for its Optical SFP Transceiver units between the 1st and the 3rd quarter of 2017.: Not Supported
In the 2nd quarter of 2017, Light Speed Technologies implemented new software to limit excess production and eliminate warehouse inventory.: Supported
Pacific Communications had the lowest standard deviation for the four quarterly figures.
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:
27% (02:31) correct
73%
(02:15)
wrong
based on 1822
sessions
History
Date
Time
Result
Not Attempted Yet
2. Which of the following can be properly inferred about the number of Optical SFP Transceiver units sold by the four companies in 2017?
| Pacific Communications had the lowest standard deviation for the four quarterly figures. | |
| Pacific Communications had the greatest range for the four quarterly figures. | |
| Pacific Communications sold the largest number of units in 2017. | |
| Light Speed Technologies sold the largest number of units in any individual quarter. | |
| No company sold less than 25,000 units in any individual quarter. |
ShowHide Answer
Official Answer
Pacific Communications had the lowest standard deviation for the four quarterly figures.
At least one of the companies for which data is provided had excess inventory at the end of 2016.: No
Among the four companies, Starcom had the highest average price per unit in 2017.: Yes
None of the four companies sold more units in the fourth quarter of 2017 than they did in any other individual quarter of 2017.: No
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:
51% (02:10) correct
49%
(02:02)
wrong
based on 1421
sessions
History
Date
Time
Result
Not Attempted Yet
3. For the following statements, select Yes if the statement is true of Optical SFP Transceivers based on the data provided. Otherwise select No.
| Yes | No | |
| At least one of the companies for which data is provided had excess inventory at the end of 2016. | ||
| Among the four companies, Starcom had the highest average price per unit in 2017. | ||
| None of the four companies sold more units in the fourth quarter of 2017 than they did in any other individual quarter of 2017. |
ShowHide Answer
Official Answer
At least one of the companies for which data is provided had excess inventory at the end of 2016.: No
Among the four companies, Starcom had the highest average price per unit in 2017.: Yes
None of the four companies sold more units in the fourth quarter of 2017 than they did in any other individual quarter of 2017.: No
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19 Apr 2021, 09:08
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Official Explanation
1. For the following statements, select Supported if the scenario described would be logically supported by the data provided for the four telecommunications companies. Otherwise, select Not Supported.
For the first statement, you need to look at the production data and the percentage sales data for Pacific Communications. The company had a particularly large 4th quarter for production but an extremely low percentage of those units sold. This data supports the scenario that Pacific Communications lost a large order that it had expected, as it provides an explanation for the small percentage of units sold compared to the other quarters.
The answer is Supported.
For the second statement, you need to look at the production and sales data for Starcom. To do the necessary calculation, it would be wise to note on paper the rough production data for the 1st and 3rd quarters (~28,500 and 35,000 respectively) and then look at the sales percentage. In each of those two quarters, the percentage of units sold was 97% and 78% respectively. Since 80% (approximately 78%) of 35,000 is 28,000 you can see that the number of units sold was roughly the same in each quarter. If there had been a substantial increase in price, then you would expect a decline in units sold between those two quarters, but that is not the case.
Therefore this statement is Not Supported by the given data.
For the third statement, you only need to look at Light Speed Technologies’ sales percentage data for the 2nd, 3rd, and 4th quarters. It shows a trend from 98% to 107%, a sign that the company was limiting production and removing excess inventory. As a result, this data would support the scenario that the company had implemented a program to limit excess production and eliminate warehouse inventory.
The answer is Supported.
1. For the following statements, select Supported if the scenario described would be logically supported by the data provided for the four telecommunications companies. Otherwise, select Not Supported.
For the first statement, you need to look at the production data and the percentage sales data for Pacific Communications. The company had a particularly large 4th quarter for production but an extremely low percentage of those units sold. This data supports the scenario that Pacific Communications lost a large order that it had expected, as it provides an explanation for the small percentage of units sold compared to the other quarters.
The answer is Supported.
For the second statement, you need to look at the production and sales data for Starcom. To do the necessary calculation, it would be wise to note on paper the rough production data for the 1st and 3rd quarters (~28,500 and 35,000 respectively) and then look at the sales percentage. In each of those two quarters, the percentage of units sold was 97% and 78% respectively. Since 80% (approximately 78%) of 35,000 is 28,000 you can see that the number of units sold was roughly the same in each quarter. If there had been a substantial increase in price, then you would expect a decline in units sold between those two quarters, but that is not the case.
Therefore this statement is Not Supported by the given data.
For the third statement, you only need to look at Light Speed Technologies’ sales percentage data for the 2nd, 3rd, and 4th quarters. It shows a trend from 98% to 107%, a sign that the company was limiting production and removing excess inventory. As a result, this data would support the scenario that the company had implemented a program to limit excess production and eliminate warehouse inventory.
The answer is Supported.
General Discussion
21 Mar 2021, 23:16
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1. For the following statements, select Supported if the scenario described would be logically supported by the data provided for the four telecommunications companies. Otherwise, select Not Supported.
RE: Starcom, why isn't it "Supported"? Sales dropped significantly and production increased (i.e. lots of stock). We can infer that it's possibly due to increased prices.
RE: Starcom, why isn't it "Supported"? Sales dropped significantly and production increased (i.e. lots of stock). We can infer that it's possibly due to increased prices.
