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10 Apr 2022, 08:00
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Difficulty:
45%
(medium)
Question Stats:
66% (01:44) correct
34%
(02:09)
wrong
based on 977
sessions
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Investing in fishing-boats could be very profitable at this time. A survey made by "Hook, Line and Sinker" magazine shows that 75 percent of the magazine's readers want to buy a new fishing-boat during the summer. However, fishing-boat manufacturers can only produce enough boats to satisfy 30% of total potential buyers.
Which of the following, if true, would undermine the soundness of the investment advice in the paragraph above?
A. Fishing-boats cost too much for the average fisherman.
B. Approximately a quarter of all fishermen do not use fishing-boats.
C. Approximately a quarter of all fishermen buy fishing-boats that can accommodate 2-3 fishermen.
D. Only half of all fishermen use a fishing-boat.
E. Only half of those who say they want to buy a fishing-boat actually end up buying one.
Which of the following, if true, would undermine the soundness of the investment advice in the paragraph above?
A. Fishing-boats cost too much for the average fisherman.
B. Approximately a quarter of all fishermen do not use fishing-boats.
C. Approximately a quarter of all fishermen buy fishing-boats that can accommodate 2-3 fishermen.
D. Only half of all fishermen use a fishing-boat.
E. Only half of those who say they want to buy a fishing-boat actually end up buying one.
PyjamaScientist
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10 Apr 2022, 08:13
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(E) (kinda).
I am not totally sold by it. But, the rest of the choices are too off the topic here. So, only(E) cuts the mark (again kinda).
Say among 100 readers, 75 want to buy a boat. Argument says these 75 people "want" to buy, not that they actually end up buying one. And the argument is kind of based on the Demand-vs-Supply dynamics that will be in favour of those investing in boats. But, if the "expected demand" is all but "air", then the idea of investing in boats will seem poor.
(E) says that only half end up buying boats eventually, so about 32-33 people out of 75 end up buying the boat. But only, 30 of them would get it. So, even in that case Demand still is greater than Supply, so there still are chances of "some profit" here. But, if I put myself into the shoes of a potential investor, this new information sure would make me "think twice" about investing in boats. Hence, (E).
I am not totally sold by it. But, the rest of the choices are too off the topic here. So, only(E) cuts the mark (again kinda).
Say among 100 readers, 75 want to buy a boat. Argument says these 75 people "want" to buy, not that they actually end up buying one. And the argument is kind of based on the Demand-vs-Supply dynamics that will be in favour of those investing in boats. But, if the "expected demand" is all but "air", then the idea of investing in boats will seem poor.
(E) says that only half end up buying boats eventually, so about 32-33 people out of 75 end up buying the boat. But only, 30 of them would get it. So, even in that case Demand still is greater than Supply, so there still are chances of "some profit" here. But, if I put myself into the shoes of a potential investor, this new information sure would make me "think twice" about investing in boats. Hence, (E).
03 May 2022, 19:03
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PyjamaScientist
Can there be a contention suggesting that the number of potential buyers (75 percent of the magazine's readers) is not equal to 30% of total potential buyers for fishing boat manufacturers? Would that be an assumption?
