Events & Promotions
|
|
GMAT Club Daily Prep
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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Apr 2610:00 AM EDT
-11:00 AM EDT
The Target Test Prep course represents a quantum leap forward in GMAT preparation, a radical reinterpretation of the way that students should study. Try before you buy with a 5-day, full-access trial of the course for FREE!
Apr 2711:00 AM EDT
-12:00 PM EDT
Prefer video-based learning? The Target Test Prep OnDemand course is a one-of-a-kind video masterclass featuring 400 hours of lecture-style teaching by Scott Woodbury-Stewart, founder of Target Test Prep and one of the most accomplished GMAT instructors
Apr 2808:00 AM PDT
-11:00 AM PDT
Whether you are just beginning your MBA journey or fine-tuning your path to a 700+ score, GMAT Day is designed to give you a competitive edge.
12 Mar 2024, 07:38
Kudos
Bookmarks
Exactly one product or service was categorized as a necessity by fewer participants in 2006 than in 1996.: Yes
Exactly half of the products and services in the 1996 survey were categorized as a necessity by a majority of survey participants.: Yes
Of the products and services that were categorized as luxuries by a majority of the 1996 survey participants, exactly 60% were categorized as necessities by a majority of the 2006 survey participants.: Yes
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
85%
(hard)
Question Stats:
70% (03:12) correct
30%
(03:23)
wrong
based on 1152
sessions
History
Date
Time
Result
Not Attempted Yet
The table shows the results of a survey of 1000 households conducted in 1996 and 2006. In 2006, participants were asked to categorize each of 10 products and services as either luxury or a necessity; in 2006, 2 additional products and services were included, increasing the total number to 12.
For each of the following statements about this data, select Yes if the statement can be inferred from the given information. Otherwise, select No.
1996 | 2006 | |||
| Luxury | Necessity | Luxury | Necessity | |
|---|---|---|---|---|
| Automobile | 70 | 930 | 90 | 910 |
| Automobile air-conditioning | 590 | 410 | 409 | 591 |
| Cable TV | 833 | 167 | 671 | 329 |
| Cell phone | n/a | n/a | 517 | 483 |
| Clothes dryer | 375 | 625 | 166 | 834 |
| Clothes washer | 139 | 861 | 105 | 895 |
| Dishwasher | 871 | 129 | 656 | 344 |
| High-speed Internet | n/a | n/a | 715 | 285 |
| Home air-conditioning | 495 | 505 | 299 | 701 |
| Home computer | 741 | 259 | 472 | 528 |
| Microwave oven | 680 | 320 | 317 | 683 |
| TV set | 404 | 596 | 353 | 647 |
For each of the following statements about this data, select Yes if the statement can be inferred from the given information. Otherwise, select No.
| Yes | No | |
| Exactly one product or service was categorized as a necessity by fewer participants in 2006 than in 1996. | ||
| Exactly half of the products and services in the 1996 survey were categorized as a necessity by a majority of survey participants. | ||
| Of the products and services that were categorized as luxuries by a majority of the 1996 survey participants, exactly 60% were categorized as necessities by a majority of the 2006 survey participants. |
ShowHide Answer
Official Answer
Exactly one product or service was categorized as a necessity by fewer participants in 2006 than in 1996.: Yes
Exactly half of the products and services in the 1996 survey were categorized as a necessity by a majority of survey participants.: Yes
Of the products and services that were categorized as luxuries by a majority of the 1996 survey participants, exactly 60% were categorized as necessities by a majority of the 2006 survey participants.: Yes
Need more Tests to Practice?
GMAT Club Tests give expert solutions for every question in full and sectional GMAT Focus mocks.
Learn more →
22 May 2025, 01:14
Kudos
Bookmarks
parkhydel
Exactly one product or service was categorized as a necessity by fewer participants in 2006 than in 1996.
Sort by 2006 Necessity.
Start comparing the column of '1996 Necessity' against '2006 Necessity'. The column of 2006 Necessity is always greater except for 'Automobile'.
Hence it is true that exactly one product or service was categorized as a necessity by fewer participants in 2006 than in 1996.
Select Yes
Exactly half of the products and services in the 1996 survey were categorized as a necessity by a majority of survey participants.
Sort by 1996 Necessity.
There were 1000 participants so 'majority' is 'more than 500'
Start from the bottom of the 1996 Necessity column. 5 of the products have values more than 500. Hence exactly half of the 10 products of 1996 were categorized as a necessity by a majority of survey participants.
Select Yes
Of the products and services that were categorized as luxuries by a majority of the 1996 survey participants, exactly 60% were categorized as necessities by a majority of the 2006 survey participants
Take one part at a time.
"Of the products and services that were categorized as luxuries by a majority of the 1996 survey participants" - Sort by '1996 Luxury'. There are 5 products where more than 500 people are there.
Hold on to these 5.
"exactly 60% were categorized as necessities by a majority of the 2006 survey participants" - Exactly 60% of 5 is 3. So exactly 3 were categorized as necessities by a majority of the 2006 survey participants.
Look in the 2006 Necessities column. Computer, Oven and Auto AC are the ones that have a value of more than 500. So exactly 3 were categorized as necessities by a majority of the 2006 survey participants. Correct.
Select Yes
Here is a discussion on another official TA question: https://youtu.be/OyN_szEDEPw
General Discussion
14 Mar 2024, 20:16
Kudos
Bookmarks
Question 3:
Of the products and services that were categorized as luxuries by a majority of the 1996 survey participants= Automobile air-conditioning, Cable TV, Dishwasher, Home computer, and Microwave oven = total 5 products.
exactly 60% were categorized as necessities by a majority of the 2006 survey participants. = Automobile air-conditioning, Home computer, and Microwave oven = 3 products.
3/5*100=60%
Answer: Yes
Of the products and services that were categorized as luxuries by a majority of the 1996 survey participants= Automobile air-conditioning, Cable TV, Dishwasher, Home computer, and Microwave oven = total 5 products.
exactly 60% were categorized as necessities by a majority of the 2006 survey participants. = Automobile air-conditioning, Home computer, and Microwave oven = 3 products.
3/5*100=60%
Answer: Yes
