According to the Federal Deposit Insurance Corporation, 43 U

Question

According to the Federal Deposit Insurance Corporation, 43 US states and 1 US territory experienced bank failures from October 1, 2000 through December 31, 2011. The 21 other states or territories grouped together in one row each experienced less than 5 bank failures in the period shown.

Bank failure by year

State/Territory  
  2000-06  
  2007  
  2008  
  2009  
  2010  
  2011  
  Total  
 
  Alabama 
 0 
 0 
 0 
 3 
 1 
 2 
 6 
 
  Arizona 
 1 
 0 
 0 
 5 
 4 
 3 
 13 
 
  California 
 1 
 0 
 5 
 17 
 12 
 4 
 39 
 
  Florida 
 3 
 0 
 2 
 14 
 29 
 13 
 61 
 
  Georgia 
 1 
 1 
 5 
 25 
 21 
 23 
 76 
 
  Illinois 
 3 
 0 
 1 
 21 
 16 
 9 
 50 
 
  Kansas 
 0 
 0 
 1 
 3 
 3 
 1 
 8 
 
  Maryland 
 0 
 0 
 0 
 2 
 4 
 0 
 6 
 
  Mishigan 
 1 
 0 
 1 
 4 
 5 
 2 
 13 
 
  Minnesota 
 0 
 0 
 1 
 6 
 8 
 2 
 17 
 
  Missouri 
 0 
 0 
 2 
 3 
 6 
 1 
 12 
 
  Nevada 
 0 
 0 
 3 
 3 
 4 
 1 
 11 
 
  Naw Jarsay 
 1 
 0 
 0 
 2 
 1 
 1 
 5 
 
  New-York 
 1 
 0 
 0 
 1 
 3 
 0 
 5 
 
  Ohio 
 2 
 1 
 0 
 2 
 2 
 0 
 7 
 
  Oregon 
 0 
 0 
 0 
 3 
 3 
 0 
 6 
 
  Pennsylvania 
 1 
 1 
 0 
 1 
 2 
 1 
 6 
 
  South Carolina 
 0 
 0 
 0 
 0 
 4 
 3 
 7 
 
  Texas 
 1 
 0 
 2 
 5 
 1 
 1 
 10 
 
  Utah 
 1 
 0 
 0 
 2 
 3 
 1 
 7 
 
  Washington 
 0 
 0 
 0 
 3 
 11 
 3 
 17 
 
  Wisconsin 
 1 
 0 
 0 
 1 
 2 
 3 
 7 
 
  21 other states or territories 
 6 
 0 
 2 
 11 
 12 
 12 
 43

For each of the following statements, select Yes if the statement can be shown to be true using the information provided. Otherwise, select No.

egmat · Accepted Answer

This is one of those TA questions that requires very careful translation and this is where the technique of strategic pausing comes into picture. Here is the detailed video solution.

Significance of Strategic Pausing
As you watch this video, observe how for each statement, following steps need to be followed. For ready reference, I have provided the outputs for statement 1.

Read the statement by strategically pausing and summarizing in your own words.
Formulate the approach to answer the statement without looking at the Table but using your thorough understanding of the table since you have understood the dataset with the mindset of ‘owning the dataset’.
Then look at the table and follow the step by step approach that you derived for the statement.

Takeaway: When the statements look very complex, please break them down into smaller chunks and then paraphrase each part in your own words so that you can arrive at the approach to solve that statement.

Drawing inferences instead of doing lengthy calculations
Next in this question, statement 3 offers a very interesting strategy for using your inference skills to arrive at the answer instead of doing calculations related to 22 entities. Watch the video from this point onwards for the demonstration of this strategy.

Show Spoiler

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fameatop · Answer

According to the Federal Deposit Insurance Corporation, 43 US states and 1 US territory experienced bank failures from October 1, 2000 through December 31, 2011. The 21 other states or territories grouped together in one row each experienced less than 5 bank failures in the period shown.

Kindly correct me if i am wrong.

Of the individual states listed that experienced at least one bank failure in 2008 and at least 10 bank failures in 2010, no more than 3 states experienced declines in bank failures from 2010 to 2011. -  NO

Across the US states and territories that each experienced more than 45 bank failures in the time frame displayed, less than a third of all bank failures that occurred during the time frame displayed occurred in 2010. -  NO

The total number of bank failures in the 44 US states and territories included in the table grew from 2009 to 2010.-  NO

MacFauz · Answer

1) Only California, Florida, Georgia and Illinois qualify and out of these only California, Florida and Illinois have experienced a decline. So the answer is YES

2) Only Florida, Georgia and Illinois qualify.. However, for Florida almost half of the failures has occurred in 2010. So the answer is NO.

3) Add up values for 2009 and 2010.. Answer is YES

AbuRashid · Answer

Of the individual states listed that experienced at least one bank failure in 2008 and at least 10 bank failures in 2010, no more than 3 states experienced declines in bank failures from 2010 to 2011.
 Yes: California, florida, illionios 
Across the US states and territories that each experienced more than 45 bank failures in the time frame displayed, less than a third of all bank failures that occurred during the time frame displayed occurred in 2010.

No: florida has 29 failures in 2010 compared to 61 total. more than a third.

The total number of bank failures in the 44 US states and territories included in the table grew from 2009 to 2010. 
Yes: looks like ther is a 10-20 difference in total.

srcc25anu · Answer

1.Atleast 1 failure in 2008 and atleast 10 failure in 2010: 5 states {California, Florida, Georgia, Illinois and 21 other states and UT}
Of these 5, # that experienced a decline in number of failures from 2010 to 2011 = 3 {California, Florida, Illinois}
TRUE

2.Across the US states and territories that each experienced more than 45 bank failures in the time frame displayed, less than a third of all bank failures that occurred during the time frame displayed occurred in 2010.
# greater than 45 failures = 3 {Florida, Georgia and Illinois}
Total # failures of F,G and I in the given timeframe = 180 and 1/3rd of this = 60
Total # failures of F,G and I in 2010 = 66
66 is greater than 1/3rd of 180
hence FALSE

3.The total number of bank failures in the 44 US states and territories included in the table grew from 2009 to 2010.
# failures in 2009 = 137
# failures in 2010 = 157
TRUE

DhruvBadaya · Answer

Again, this question was easy but made a huge blunder in reading the graph.

Prob2303 · Answer

Can I pls get the OE for this question? I have some doubts.

chetan2u · Answer

The three options can be checked after sorting the tables. Please share your queries.

Greg1234 · Answer

This question is not difficult, doing it in less than 3 mins is.

krispy289 · Answer

is it possible to do it in 3 min i tried very fast but still did it in 4 min

PeachSnapple1 · Answer

Well, that's make it difficult then?

According to the Federal Deposit Insurance Corporation, 43 U

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State/Territory	2000-06	2007	2008	2009	2010	2011	Total
	Bank failure by year
Alabama	0	0	0	3	1	2	6
Arizona	1	0	0	5	4	3	13
California	1	0	5	17	12	4	39
Florida	3	0	2	14	29	13	61
Georgia	1	1	5	25	21	23	76
Illinois	3	0	1	21	16	9	50
Kansas	0	0	1	3	3	1	8
Maryland	0	0	0	2	4	0	6
Mishigan	1	0	1	4	5	2	13
Minnesota	0	0	1	6	8	2	17
Missouri	0	0	2	3	6	1	12
Nevada	0	0	3	3	4	1	11
Naw Jarsay	1	0	0	2	1	1	5
New-York	1	0	0	1	3	0	5
Ohio	2	1	0	2	2	0	7
Oregon	0	0	0	3	3	0	6
Pennsylvania	1	1	0	1	2	1	6
South Carolina	0	0	0	0	4	3	7
Texas	1	0	2	5	1	1	10
Utah	1	0	0	2	3	1	7
Washington	0	0	0	3	11	3	17
Wisconsin	1	0	0	1	2	3	7
21 other states or territories	6	0	2	11	12	12	43

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According to the Federal Deposit Insurance Corporation, 43 U

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