The table summarizes the medical spending and income of all patients

Question

Source: 800 Score Medical Expenses.png The table summarizes the medical spending and income of all patients at a large hospital. The Medical Spending column shows the amount of money on medical issues by a group of total. ( Sort ↕ the table by clicking on the headers) Age Sex Insurance Medical Spending Average Income Proportion of Income Spent on Medical 18-30 Female No $92,007,269 $30,333 12.00% 31-50 Female No $99,442,075 $44,676 19.00% 51-70 Female No $46,544,598 $51,443 19.00% 70+ Female No $9,161,037 $48,333 26.00% 18-30 Male No $72,802,800 $27,278 23.00% 31-50 Male No $71,295,080 $43,444 28.00% 51-70 Male No $95,990,064 $50,333 30.00% 70+ Male No $10,724,784 $45,444 25.00% 18-30 Female Yes $12,716,658 $33,234 4.00% 31-50 Female Yes $24,284,459 $52,237 1.00% 51-70 Female Yes $40,483,535 $56,321 6.00% 70+ Female Yes $68,796,165 $46,333 9.00% 18-30 Male Yes $66,074,077 $34,214 4.00% 31-50 Male Yes $83,805,468 $53,223 3.00% 51-70 Male Yes $57,163,444 $57,332 1.00% 70+ Male Yes $11,727,226 $47,876 5.00% For each statement, indicate whether the statement is True or False based on the information provided in the table.

mSKR · Answer

A. 
insured females :51-70: 40m
uninsured females: 99M

NO

B. 
Female 31-50 $99M but is only 19% in proportion in medical spedning 
NO

C.
men below 51
insured: 66m+ 83m
non insured: 72+71

Men above 51:
insured: 57+11
non-insured: 95+10

men above 51 is low

YES

WBogey · Answer

A. T B. F C. T Hi, how can the first one be true? I count 1:1 and 1:1 in 51-70 and 31-50 respectively. Please let me know

.

unraveled · Answer

OE: 
A. First, Locate the two corresponding lines in the table. For each line calculate:
Total Income = (Medical Dollars)(Proportion of Income spent on Medical Expenses)
Number of persons = (Total Income)/(Average Income)
There are ($40,483,535/6%)/$56,321 = 11980 insured females of age 51-70 and ($99,442,075/19%)/$44,676 = 11,715 uninsured females of age 31-50. 
The correct answer is True.

B. Uninsured Females (age 31-50) spent the most medical dollars in 2010, but Uninsured Males (age51-70) spent the highest proportion of their income on medical expenses. 
The correct answer in False.

C. Sort the table by sex and then add Medical Dollars for each group under consideration. To make it easier, round Medical Dollars to a million before adding. Men younger than 51 spent about 84+71+66 = $294 million. Men 51+ spent about %176 million.
The correct answer is True.

bM22 · Answer

A. There are more insured females aged 51-70 than uninsured females aged 31-50 among the patients.

Let the No. of insured females aged 51-70: x
Average medical spending = $40,483,535
Average Income = $56321.
% of income spent on medical = 6%.

=> Total income spend on medical = 40,483,535 = x*56321*0.06 
=> x = ~ 11980.

Now, Let the No. of uninsured females aged 31-50: y
Average medical spending = $99,442,075
Average Income = $44676.
% of income spent on medical = 1%.

=> Total income spend on medical = 99,442,075 = y*44,676*0.19
=> y = ~ 11715.

=> Yes, There are more insured females aged 51-70 than uninsured females aged 31-50 among the patients.

Answer True.

B. The group that spent the most on medical expenses also spent the highest proportion of their income on medical expenses.

We can infer the below details from the table: 
The group that spent the most on medical expenses = Uninsured females aged 31-50.
The group that spent the highest proportion of their income on medical expenses = 30% by uninsured males aged 51-70.

So Answer is False.

C. The men younger than 51 spent more money on medical expenses than the men aged 51 and older.

Money spent by men younger than 51 = 72,802,800+66,074,077 + 71,295,080 + 83,805,468. = ~292 (added the first 2 digits only for approxmiation)
Money spent by men older than 51 = 95990064 + 10,724,784 + 57,133,444 + 11,727,226 = ~173.

So, Yes, The men younger than 51 spent more money on medical expenses than the men aged 51 and older.

Answer True.

bumpbot · Answer

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The table summarizes the medical spending and income of all patients

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Age	Sex	Insurance	Medical Spending	Average Income	Proportion of Income Spent on Medical
18-30	Female	No	$92,007,269	$30,333	12.00%
31-50	Female	No	$99,442,075	$44,676	19.00%
51-70	Female	No	$46,544,598	$51,443	19.00%
70+	Female	No	$9,161,037	$48,333	26.00%
18-30	Male	No	$72,802,800	$27,278	23.00%
31-50	Male	No	$71,295,080	$43,444	28.00%
51-70	Male	No	$95,990,064	$50,333	30.00%
70+	Male	No	$10,724,784	$45,444	25.00%
18-30	Female	Yes	$12,716,658	$33,234	4.00%
31-50	Female	Yes	$24,284,459	$52,237	1.00%
51-70	Female	Yes	$40,483,535	$56,321	6.00%
70+	Female	Yes	$68,796,165	$46,333	9.00%
18-30	Male	Yes	$66,074,077	$34,214	4.00%
31-50	Male	Yes	$83,805,468	$53,223	3.00%
51-70	Male	Yes	$57,163,444	$57,332	1.00%
70+	Male	Yes	$11,727,226	$47,876	5.00%

True	False
		There are more insured females aged 51-70 than uninsured females aged 31-50 among the patients.
		The group that spent the most on medical expenses also spent the highest proportion of their income on medical expenses.
		The men younger than 51 spent more money on medical expenses than the men aged 51 and older.

GMAT Graphs and Tables (G&T) Questions

The table summarizes the medical spending and income of all patients

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