This question tests you on the max/min concept of inequalities.
Let us first discuss the when and how to use the max/min concept of inequalities:
When to use the Max/Min Concept of Inequalities:
Whenever you encounter a question with two finite ranges (x and y in this case) and the question asks us to find the sum (x+y), difference (x-y) and product (xy) of the two ranges, then this concept needs to be used
How to use the Max/Min Concept of Inequalities:
1. Place the two [b]finite ranges one below the other
2. Make sure the inequality signs are the same. If they are not the same then we make them the same by flipping one finite ranges inequality sign. This can be done by reversing the inequality or multiplying throughout by -1
3. Perform the mathematical operation only between the extreme values of the finite ranges.[/b]
Now lets look at the question.
Is ab < 12?
Statement 1 : a < 3 and b < 4
Here we have been given two infinite ranges. If a < 3 and b < 4 then ab can take any value on the negative scale and any value on the positive scale. Insufficient.
Statement 2 : 1/3 < a < 2/3 and b^2 < 169
If b^2 < 169 ------> -13 < b < 13
Now here we have two finite ranges and the question asks us for the product ab.
1/3 < a < 2/3
-13 < b < 13
Placing the ranges one below the other and multiplying we get 4 values
1/3 * -13 ----> -1/39
2/3 * 13 -----> 2/39
1/3 * 13 -----> 1/39
2/3 * -13 ----> -2/39
So the range of ab will be -2/39 < ab < 2/39. Here ab will always be less than 12.
Answer : B