Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.
Customized for You
we will pick new questions that match your level based on your Timer History
Track Your Progress
every week, we’ll send you an estimated GMAT score based on your performance
Practice Pays
we will pick new questions that match your level based on your Timer History
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Thank you for using the timer!
We noticed you are actually not timing your practice. Click the START button first next time you use the timer.
There are many benefits to timing your practice, including:
At one point, she believed GMAT wasn’t for her. After scoring 595, self-doubt crept in and she questioned her potential. But instead of quitting, she made the right strategic changes. The result? A remarkable comeback to 695. Check out how Saakshi did it.
Learn how Kamakshi achieved a GMAT 675 with an impressive 96th %ile in Data Insights. Discover the unique methods and exam strategies that helped her excel in DI along with other sections for a balanced and high score.
Verbal trouble on GMAT? Fix it NOW! Join Sunita Singhvi for a focused webinar on actionable strategies to boost your Verbal score and take your performance to the next level.
Originally posted by Bunuel on 21 Aug 2020, 02:27.
Last edited by Bunuel on 22 Nov 2024, 05:13, edited 3 times in total.
Moved to new forum
3
Kudos
Add Kudos
19
Bookmarks
Bookmark this Post
Show timer
00:00
Start Timer
Pause Timer
Resume Timer
Show Answer
Hide Answer
Correct Answer
Hide
Show
History
Dropdown 1: Recreational places
Dropdown 2: 55%
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Select the dropdowns below and click "Submit" to add this question to your Error log.
Difficulty:
95%
(hard)
Question Stats:
58%
(02:52)
correct 42%
(03:05)
wrong
based on 315
sessions
History
Date
Time
Result
Not Attempted Yet
The figure illustrates the percentages of food away from home (FAFH) expenditures by outlet type in 1987 and 2017. The acronym NEC stands for "not elsewhere classified." All estimates include both sales taxes and tips.
Select from each drop-down menu the option that creates the most accurate statement, given the information provided.
If FAFH expenditures did not decrease from 1987 to 2017, the category with the greatest percentage increase in expenditures over the 30-year period is .
If expenditures classified into the "Other FAFH sales, NEC" category in 2017 were equally distributed among the other eight categories, the category with the highest percentage increase in share would see an increase of approximately .
The figure illustrates the percentages of food away from home (FAFH) expenditures by outlet type in 1987 and 2017. The acronym NEC stands for "not elsewhere classified." All estimates include both sales taxes and tips.
Select from each drop-down menu the option that creates the most accurate statement, given the information provided.
If FAFH expenditures did not decrease from 1987 to 2017, the category with the greatest percentage increase in expenditures over the 30-year period is .
If expenditures classified into the "Other FAFH sales, NEC" category in 2017 were equally distributed among the other eight categories, the category with the highest percentage increase in share would see an increase of approximately .
Show more
Official Solution:
Drop-down 1:
We should focus on the category with the largest increase in share. Recreational Places experienced the greatest increase, with its share rising from 2.1% to 3.6%, representing a 1.7-fold increase. This means the actual increase in expenditures for this category would be 1.7 * (the increase in total expenditures). For instance, if total expenditures doubled, expenditures for Recreational Places would increase by 1.7 * 2 = 3.4 times.
Drop-down 2:
In 2017, "Other FAFH sales, NEC" accounted for 2.6% of the total expenditure. Distributing this share evenly among the other eight categories would add approximately \(\frac{2.6}{8} \approx 0.33\) percentage points to each. The category with the highest percentage increase in share would be the one with the smallest initial share, which is Drinking Places, with an initial share of 0.6%. The percentage increase in share, therefore, would be \(\frac{0.33}{0.6} * 100 = 55\%\).
A member just gave Kudos to this thread, showing it’s still useful. I’ve bumped it to the top so more people can benefit. Feel free to add your own questions or solutions.