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The total revenue for Product P1 across all regions increased by more than 10% between 2021 and 2023.: True
For Product P2, the North region consistently generated higher revenue than the South region and the West region in each of the three years.: True
The total revenue for Product P4 in all regions in 2023 exceeded $900,000.: False
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
25%
(medium)
Question Stats:
82% (02:06) correct
18%
(02:18)
wrong
based on 525
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The table below shows the revenue generated (in thousands of dollars) by four products (P1, P2, P3, and P4) across three regions (North, South, and West) for the years 2021, 2022, and 2023.
For each of the following statements, select True if the statement can be verified as true based on the information provided. Otherwise, select False.
| Product | Region | 2021 Revenue (thousands) | 2022 Revenue (thousands) | 2023 Revenue (thousands) |
|---|---|---|---|---|
| P1 | North | 150 | 175 | 190 |
| P1 | South | 120 | 140 | 160 |
| P1 | West | 100 | 130 | 140 |
| P2 | North | 200 | 220 | 250 |
| P2 | South | 180 | 190 | 230 |
| P2 | West | 170 | 180 | 200 |
| P3 | North | 100 | 110 | 130 |
| P3 | South | 90 | 95 | 110 |
| P3 | West | 80 | 85 | 90 |
| P4 | North | 250 | 270 | 290 |
| P4 | South | 220 | 240 | 260 |
| P4 | West | 200 | 230 | 250 |
For each of the following statements, select True if the statement can be verified as true based on the information provided. Otherwise, select False.
| True | False | |
| The total revenue for Product P1 across all regions increased by more than 10% between 2021 and 2023. | ||
| For Product P2, the North region consistently generated higher revenue than the South region and the West region in each of the three years. | ||
| The total revenue for Product P4 in all regions in 2023 exceeded $900,000. |
ShowHide Answer
Official Answer
The total revenue for Product P1 across all regions increased by more than 10% between 2021 and 2023.: True
For Product P2, the North region consistently generated higher revenue than the South region and the West region in each of the three years.: True
The total revenue for Product P4 in all regions in 2023 exceeded $900,000.: False
15 Apr 2025, 04:20
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Official Solution:
The total revenue for Product P1 across all regions increased by more than 10% between 2021 and 2023.
• Quickly checking each region for Product P1, we can see that in each case the increase from 2021 to 2023 was more than 10% (from 150 to 190; from 120 to 160; from 100 to 140). Since the revenue in each region increased by more than 10%, the total revenue across all regions must have increased by more than 10% as well. No need to calculate anything. This statement is True.
For Product P2, the North region consistently generated higher revenue than the South region and the West region in each of the three years.
• We compare the revenue of P2 in the North region against the South and West regions for each year:
2021: North = 200; South = 180; West = 170 → North is highest
2022: North = 220; South = 190; West = 180 → North is highest
2023: North = 250; South = 230; West = 200 → North is highest
Since North had higher revenue for P2 in all three years, this statement is True.
The total revenue for Product P4 in all regions in 2023 exceeded $900,000.
• 2023 Total Revenue for P4 = 290 (North) + 260 (South) + 250 (West) = 800 thousand dollars. Since 800 thousand is less than 900 thousand, this statement is False.
Correct answer:
The total revenue for Product P1 across all regions increased by more than 10% between 2021 and 2023. "True"
For Product P2, the North region consistently generated higher revenue than the South region and the West region in each of the three years. "True"
The total revenue for Product P4 in all regions in 2023 exceeded $900,000. "False"
Bunuel
The total revenue for Product P1 across all regions increased by more than 10% between 2021 and 2023.
• Quickly checking each region for Product P1, we can see that in each case the increase from 2021 to 2023 was more than 10% (from 150 to 190; from 120 to 160; from 100 to 140). Since the revenue in each region increased by more than 10%, the total revenue across all regions must have increased by more than 10% as well. No need to calculate anything. This statement is True.
For Product P2, the North region consistently generated higher revenue than the South region and the West region in each of the three years.
• We compare the revenue of P2 in the North region against the South and West regions for each year:
2021: North = 200; South = 180; West = 170 → North is highest
2022: North = 220; South = 190; West = 180 → North is highest
2023: North = 250; South = 230; West = 200 → North is highest
Since North had higher revenue for P2 in all three years, this statement is True.
The total revenue for Product P4 in all regions in 2023 exceeded $900,000.
• 2023 Total Revenue for P4 = 290 (North) + 260 (South) + 250 (West) = 800 thousand dollars. Since 800 thousand is less than 900 thousand, this statement is False.
Correct answer:
The total revenue for Product P1 across all regions increased by more than 10% between 2021 and 2023. "True"
For Product P2, the North region consistently generated higher revenue than the South region and the West region in each of the three years. "True"
The total revenue for Product P4 in all regions in 2023 exceeded $900,000. "False"
General Discussion
16 Sep 2024, 06:25
Kudos
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Here are the official solutions:
1. "The total revenue for P1 across all regions increased by more than 10% between 2021 and 2023."
- 2021 total revenue for P1 = 150 (North) + 120 (South) + 100 (West) = 370 thousand dollars.
- 2023 total revenue for P1 = 190 (North) + 160 (South) + 140 (West) = 490 thousand dollars.
- Percentage increase = (490 - 370) / 370 * 100 = approximately 32.43%.
Since the revenue increased by more than 10%, this statement is True.
2. "The North region consistently generated the highest revenue for P2 in each of the three years."
- 2021: North = 200, South = 180, West = 170. North is the highest.
- 2022: North = 220, South = 190, West = 180. North is the highest.
- 2023: North = 250, South = 230, West = 200. North is the highest.
In all three years, the North region consistently generated the highest revenue for P2, so this statement is True.
3. "The total revenue for P4 in all regions in 2023 exceeded $900,000."
- 2023 total revenue for P4 = 290 (North) + 260 (South) + 250 (West) = 800 thousand dollars.
Since the total revenue for P4 in 2023 is 800 thousand dollars, which is less than 900 thousand dollars, this statement is False.
1. "The total revenue for P1 across all regions increased by more than 10% between 2021 and 2023."
- 2021 total revenue for P1 = 150 (North) + 120 (South) + 100 (West) = 370 thousand dollars.
- 2023 total revenue for P1 = 190 (North) + 160 (South) + 140 (West) = 490 thousand dollars.
- Percentage increase = (490 - 370) / 370 * 100 = approximately 32.43%.
Since the revenue increased by more than 10%, this statement is True.
2. "The North region consistently generated the highest revenue for P2 in each of the three years."
- 2021: North = 200, South = 180, West = 170. North is the highest.
- 2022: North = 220, South = 190, West = 180. North is the highest.
- 2023: North = 250, South = 230, West = 200. North is the highest.
In all three years, the North region consistently generated the highest revenue for P2, so this statement is True.
3. "The total revenue for P4 in all regions in 2023 exceeded $900,000."
- 2023 total revenue for P4 = 290 (North) + 260 (South) + 250 (West) = 800 thousand dollars.
Since the total revenue for P4 in 2023 is 800 thousand dollars, which is less than 900 thousand dollars, this statement is False.
