|
|
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.
03 Oct 2023, 10:30
Kudos
Bookmarks
Dear Mr. and Mrs. Brown:
We again want to thank you for choosing to work with the experts at Coin and Gem to settle your mother’s estate. After careful review of the coin collection in question, we found a total of 187 coins. Each coin has been appraised, packaged, and marked according to its grade.
Each coin was ranked on a scale of 1 to 70 according to the Sheldon Scale of coin grading. We estimate the total value of the collection to be about $27,000. Most of the value resides in a few very rare American coins, which are in mint condition.
We would be happy to further assist you in deciding how to handle this aspect of your mother’s estate. Please contact us with any questions or concerns you may have.
Attached is a detailed appraisal that inventories each coin, its condition, and its value.
Sincerely yours,
Charles Barker, Owner and Appraisal Expert
Coin and Gem
We again want to thank you for choosing to work with the experts at Coin and Gem to settle your mother’s estate. After careful review of the coin collection in question, we found a total of 187 coins. Each coin has been appraised, packaged, and marked according to its grade.
Each coin was ranked on a scale of 1 to 70 according to the Sheldon Scale of coin grading. We estimate the total value of the collection to be about $27,000. Most of the value resides in a few very rare American coins, which are in mint condition.
We would be happy to further assist you in deciding how to handle this aspect of your mother’s estate. Please contact us with any questions or concerns you may have.
Attached is a detailed appraisal that inventories each coin, its condition, and its value.
Sincerely yours,
Charles Barker, Owner and Appraisal Expert
Coin and Gem
The appraiser does not believe that the Browns will obtain full value for their coin collection if the pieces are sold.: No
If the Browns follow the appraiser's recommendations, they will most likely sell all of their Extremely Fine coins at auction.: No
More than half of the coins in the Browns’ collection are valued at less than $100 each.: Yes
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
95%
(hard)
Question Stats:
20% (03:24) correct
80%
(03:33)
wrong
based on 827
sessions
History
Date
Time
Result
Not Attempted Yet
1. Consider each of the following statements. Does the information in the three sources support the inference as stated?
| Yes | No | |
| The appraiser does not believe that the Browns will obtain full value for their coin collection if the pieces are sold. | ||
| If the Browns follow the appraiser's recommendations, they will most likely sell all of their Extremely Fine coins at auction. | ||
| More than half of the coins in the Browns’ collection are valued at less than $100 each. |
ShowHide Answer
Official Answer
The appraiser does not believe that the Browns will obtain full value for their coin collection if the pieces are sold.: No
If the Browns follow the appraiser's recommendations, they will most likely sell all of their Extremely Fine coins at auction.: No
More than half of the coins in the Browns’ collection are valued at less than $100 each.: Yes
Data Insights (DI) Butler 2023-24 [Question #12, Date: Oct-03-2023] [Click here for Details]
Attachment:
7.jpg [ 99.76 KiB | Viewed 8701 times ]
06 Oct 2023, 09:31
Kudos
Bookmarks
Hi sir,
Could you please explain this solution along and also could you please post the other questions as well
Thank you in advance
Could you please explain this solution along and also could you please post the other questions as well
Thank you in advance
07 Oct 2023, 00:48
Kudos
Bookmarks
Official Explanation
The first inference is not supported by the information in the three sources. The appraiser does not imply a belief that the Browns will not receive full value for their coins.
In Source #3, the appraiser recommends that pieces valued at more than $350 be sold at auction. Source #2 shows that some of Brown’s Extremely Fine coins are valued at $350 or less. These pieces would not be sold at auction.
Source #1 shows that the Browns’ collection contains 187 coins. Source #2 lists 12 of these coins as valued at more than $350. Source #3 indicates that 80 coins have values from $100 to $300. That leaves 95
The first inference is not supported by the information in the three sources. The appraiser does not imply a belief that the Browns will not receive full value for their coins.
In Source #3, the appraiser recommends that pieces valued at more than $350 be sold at auction. Source #2 shows that some of Brown’s Extremely Fine coins are valued at $350 or less. These pieces would not be sold at auction.
Source #1 shows that the Browns’ collection contains 187 coins. Source #2 lists 12 of these coins as valued at more than $350. Source #3 indicates that 80 coins have values from $100 to $300. That leaves 95
