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04 Aug 2021, 00:00
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The schools with the two largest endowments in 2008 composed more than 1/3 of the total value of all 10 university endowments in 2008.: True
The percentage increase from 2005 to 2011 in the combined size of the endowments for the two Massachusetts universities was larger than the corresponding percentage increase for the combined size of the endowments for the two Texas university systems.: False
The university with the second-largest endowment in 2005 had the lowest percentage increase in endowment from 2005 to 2011.: False
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
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IR Butler 2021 - Practice 2 IR Questions Everyday.
Question # 261, Date : 04-Aug-2021
This question is a part of IR Butler 2021. Click here for Details
Question # 261, Date : 04-Aug-2021
This question is a part of IR Butler 2021. Click here for Details
| Institution | Location | Endowment 2005 (billions $) | Endowment 2008 (billions $) | Endowrnent 2011 (billions $) |
|---|---|---|---|---|
| Columbia University | New York | 5.2 | 7.1 | 7.8 |
| Harvard University | Massachusetts | 25.5 | 36.6 | 31.7 |
| Massachusetts Institute of Technology | Massachusetts | 6.7 | 10.1 | 9.7 |
| Northwestern University | Illinois | 4.2 | 7.2 | 7.2 |
| Princeton University | New Jersey | 11.2 | 16.3 | 17.1 |
| Stanford University | California | 12.2 | 17.2 | 16.5 |
| Texas .& I University System | Texas | 5 | 6.7 | 7 |
| University o f Michigan | Michigan | 4.9 | 7.6 | 7.8 |
| University of Texas System | Texas | 11.6 | 16.1 | 17.1 |
| Yale University | Connecticut | 15.2 | 22.9 | 19.4 |
The table is a listing of 10 United States universities or university systems with endowments of over $1 billion. The table includes the name of each university or university system; the state in which the university or university system is located; and the endowment, rounded to the nearest $100 million, of each university or university system in the years 2005, 2008, and 2011.
Attachment:
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| True | False | |
| The schools with the two largest endowments in 2008 composed more than 1/3 of the total value of all 10 university endowments in 2008. | ||
| The percentage increase from 2005 to 2011 in the combined size of the endowments for the two Massachusetts universities was larger than the corresponding percentage increase for the combined size of the endowments for the two Texas university systems. | ||
| The university with the second-largest endowment in 2005 had the lowest percentage increase in endowment from 2005 to 2011. |
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Official Answer
The schools with the two largest endowments in 2008 composed more than 1/3 of the total value of all 10 university endowments in 2008.: True
The percentage increase from 2005 to 2011 in the combined size of the endowments for the two Massachusetts universities was larger than the corresponding percentage increase for the combined size of the endowments for the two Texas university systems.: False
The university with the second-largest endowment in 2005 had the lowest percentage increase in endowment from 2005 to 2011.: False
08 Aug 2021, 04:21
Kudos
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This is a lengthy one, with calculations.
1. The schools with the two largest endowments in 2008 composed more than 1/3 of the total value of all 10 university endowments in 2008
The top universities in terms of endowment are Harvard and Yale = 36.60 + 22.90 = 59.50
Total for 2008 (Of course used calculator) = 147.8
So % = 59.5/147.8 = 40.2%
So True
2. The percentage increase from 2005 to 2011 in the combined size of the endowments for the two Massachusetts universities was larger than the corresponding percentage increase for the combined size of the endowments for the two Texas university systems.
For the two Massachusetts universities:
2005: 25.5 + 6.7 = 32.2
2011: 31.7 + 9.7 = 41.4
% increase: ~28%
For the Texas universities:
2005: 5 + 11.6 = 16.6
2011: 7 + 17.1 = 24.1
% increase: ~45%
So False
3. The university with the second-largest endowment in 2005 had the lowest percentage increase in endowment from 2005 to 2011.
We will have to eyeball this
Harvard and Yale were at 1 and 2 in terms of endowment in 2005
For remaining universities we do see a significant increase and only these two fall in close contention
% increase for Harvard: 24%
% increase for Yale: 27.6%
So False
1. The schools with the two largest endowments in 2008 composed more than 1/3 of the total value of all 10 university endowments in 2008
The top universities in terms of endowment are Harvard and Yale = 36.60 + 22.90 = 59.50
Total for 2008 (Of course used calculator) = 147.8
So % = 59.5/147.8 = 40.2%
So True
2. The percentage increase from 2005 to 2011 in the combined size of the endowments for the two Massachusetts universities was larger than the corresponding percentage increase for the combined size of the endowments for the two Texas university systems.
For the two Massachusetts universities:
2005: 25.5 + 6.7 = 32.2
2011: 31.7 + 9.7 = 41.4
% increase: ~28%
For the Texas universities:
2005: 5 + 11.6 = 16.6
2011: 7 + 17.1 = 24.1
% increase: ~45%
So False
3. The university with the second-largest endowment in 2005 had the lowest percentage increase in endowment from 2005 to 2011.
We will have to eyeball this
Harvard and Yale were at 1 and 2 in terms of endowment in 2005
For remaining universities we do see a significant increase and only these two fall in close contention
% increase for Harvard: 24%
% increase for Yale: 27.6%
So False
Sajjad1994
24 Nov 2024, 04:04
Kudos
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