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Test: Scatter Plot Graph - 1 - GMAT MCQ


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10 Questions MCQ Test - Test: Scatter Plot Graph - 1

Test: Scatter Plot Graph - 1 for GMAT 2024 is part of GMAT preparation. The Test: Scatter Plot Graph - 1 questions and answers have been prepared according to the GMAT exam syllabus.The Test: Scatter Plot Graph - 1 MCQs are made for GMAT 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Scatter Plot Graph - 1 below.
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Test: Scatter Plot Graph - 1 - Question 1

Directions:  Refer to the following questions  which are based on the graph given below:

Requirement and Production of flowers over the years

Q. During which year was the percentage increase in the requirement of flowers over the previous year, the maximum?

Detailed Solution for Test: Scatter Plot Graph - 1 - Question 1

In 1992, (325 - 190) / 190 x 100 = 71%
In 1991, (190 - 60) / 60 x 100 = 216.6%
In 1994, (290 - 220) / 220 x 100 = 31.8%
1991 percentage increase in the requirement of flowers over the previous year is the maximum..

Test: Scatter Plot Graph - 1 - Question 2

Directions:  Refer to the following questions  which are based on the graph given below:

Requirement and Production of flowers over the years

Q. For which two years was the average annual production of flowers equal to the average annual requirements?

Detailed Solution for Test: Scatter Plot Graph - 1 - Question 2

Average annual production of flowers in 1991 & 1994= (250+290)/2= 270;
Average annual requirements of flowers in 1991 & 1994= (350+190)/2=270.
Hence option 1A.

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Test: Scatter Plot Graph - 1 - Question 3

Directions:  Refer to the following questions  which are based on the graph given below:

Requirement and Production of flowers over the years

Q. The total of requirements in the year 1991 and 1992 is approximately what percent more than the total of production for these two years?

Detailed Solution for Test: Scatter Plot Graph - 1 - Question 3

Requirements for the years 91 and 92 = 190 + 325 = 515.
Production for the years 91 and 92 = 250+260= 510
Required percentage = 5 / 510 = 0.98%

Test: Scatter Plot Graph - 1 - Question 4

Directions:  Refer to the following questions  which are based on the graph given below:

Requirement and Production of flowers over the years

Q. If the production in 1995 were to decrease at the same rate percent as it decreased from 1993 to 1994, then what would have been the production in 1995(approx.)?

Detailed Solution for Test: Scatter Plot Graph - 1 - Question 4

% decrease = (340 – 290)/340 = 15% approx.
Hence 290 – 15 % of 290 = 246 (approx)

Test: Scatter Plot Graph - 1 - Question 5

Directions: Refer to the graph given below which shows the total advertisement spending on television and the pie chart which  gives the percentage share of the revenue of different players and answer the questions that follow:


Q. The market share of C & S has:

Detailed Solution for Test: Scatter Plot Graph - 1 - Question 5

The rate of growth is neither steady, nor can we say that it increased at a faster rate initially.
Hence D.

Test: Scatter Plot Graph - 1 - Question 6

Directions: Refer to the graph given below which shows the total advertisement spending on television and the pie chart which  gives the percentage share of the revenue of different players and answer the questions that follow:


Q. If in 2001 the growth rate of C&S was same as that of 1999-2000, the total market share of C&S in 2001 would be:

Detailed Solution for Test: Scatter Plot Graph - 1 - Question 6

Since we do not know the total market in 2001, we cannot find out the market share for that year.
Hence E.

Test: Scatter Plot Graph - 1 - Question 7

Directions: Refer to the graph given below which shows the total advertisement spending on television and the pie chart which  gives the percentage share of the revenue of different players and answer the questions that follow:


Q. What is the percentage increase of revenues of C & S from 1995 to 1996?

Detailed Solution for Test: Scatter Plot Graph - 1 - Question 7

(38 % of 930 – 33 % of 784) = (353.4 – 258.7)/258.7
= 36.6 %.
Hence D.

Test: Scatter Plot Graph - 1 - Question 8

Directions: Refer to the graph given below which shows the total advertisement spending on television and the pie chart which  gives the percentage share of the revenue of different players and answer the questions that follow:


Q. The compounded annual growth rate (of the total TV advt. spending) from 1995-1999 would be closest to:

Detailed Solution for Test: Scatter Plot Graph - 1 - Question 8

784 (1 + x)4 = 2077.
By hit and trial we get x = 27 % (approximately).
The method to do this is: first find the multiplication factor, in this case it is 2,077/784 = 2.65.
We know that (1.25)4 = 2.44 so the answer must be > 25 %.

Test: Scatter Plot Graph - 1 - Question 9

Directions: The following graph gives the movement of the stock market index, CNX Nifty over one week.

Price volatility (PV) is defined as: [(Highest - Lowest Price) / Average Price]. The PV of S&P CNX Nifty is closest to-cat

Detailed Solution for Test: Scatter Plot Graph - 1 - Question 9

20/1,275 = 0.015.
Note that the other choices are too far.

Test: Scatter Plot Graph - 1 - Question 10

Directions: The following graph gives the movement of the stock market index, CNX Nifty over one week.

If I had invested Rs 100 in S&P CNX Nifty stocks at the beginning of the time period, what would be its nearest value at the end of the period?

Detailed Solution for Test: Scatter Plot Graph - 1 - Question 10

Percentage fall in Nifty:
(1,285 – 1,265)/1,285
= 18/1,285 = 1.4 %,
Hence 98.50 is the best answer.

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