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Surveys were conducted in three years - 2003, 2004 and 2005 - to find out the likelihood of people investing in shares or real estate. Each year, exactly 500 people were surveyed and the results of the survey are given in the following table.
Persons likely to invest = persons somewhat likely to invest + persons very likely to invest
Persons unlikely to invest = persons somewhat unlikely to invest + persons very unlikely to invest
Additional Information for questions 4 and 5:
The same set of 500 persons were surveyed in each of the three given years.
 
Q. In the year 2005, what is the least number of persons surveyed who are likely to invest in shares or real estate?
  • a)
    0
  • b)
    90
  • c)
    295
  • d)
    120
  • e)
    Cannot be determined
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Surveys were conducted in three years - 2003, 2004 and 2005 - to find ...
Those likely to invest in shares and real estate include those who are somewhat likely and very likely.
Those who are somewhat likely to invest in real estate are 170 and those in shares are 55.
The least number of those somewhat likely to invest in shares or real estate = max(170, 55) = 170.
Similarly the least number of respondents very likely to invest in shares or real estate = max(125, 35) = 120.
The required number of respondents = 170 + 125 = 295
Hence, option 3.
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Surveys were conducted in three years - 2003, 2004 and 2005 - to find out the likelihood of people investing in shares or real estate. Each year, exactly 500 people were surveyed and the results of the survey are given in the following table.Persons likely to invest = persons somewhat likely to invest + persons very likely to investPersons unlikely to invest = persons somewhat unlikely to invest + persons very unlikely to investAdditional Information for questions 4 and 5:The same set of 500 persons were surveyed in each of the three given years.Q.In the year 2005, what is the least number of persons surveyed who are likely to invest in shares or real estate?a)0b)90c)295d)120e)Cannot be determinedCorrect answer is option 'C'. Can you explain this answer?
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Surveys were conducted in three years - 2003, 2004 and 2005 - to find out the likelihood of people investing in shares or real estate. Each year, exactly 500 people were surveyed and the results of the survey are given in the following table.Persons likely to invest = persons somewhat likely to invest + persons very likely to investPersons unlikely to invest = persons somewhat unlikely to invest + persons very unlikely to investAdditional Information for questions 4 and 5:The same set of 500 persons were surveyed in each of the three given years.Q.In the year 2005, what is the least number of persons surveyed who are likely to invest in shares or real estate?a)0b)90c)295d)120e)Cannot be determinedCorrect answer is option 'C'. Can you explain this answer? for CAT 2025 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about Surveys were conducted in three years - 2003, 2004 and 2005 - to find out the likelihood of people investing in shares or real estate. Each year, exactly 500 people were surveyed and the results of the survey are given in the following table.Persons likely to invest = persons somewhat likely to invest + persons very likely to investPersons unlikely to invest = persons somewhat unlikely to invest + persons very unlikely to investAdditional Information for questions 4 and 5:The same set of 500 persons were surveyed in each of the three given years.Q.In the year 2005, what is the least number of persons surveyed who are likely to invest in shares or real estate?a)0b)90c)295d)120e)Cannot be determinedCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Surveys were conducted in three years - 2003, 2004 and 2005 - to find out the likelihood of people investing in shares or real estate. Each year, exactly 500 people were surveyed and the results of the survey are given in the following table.Persons likely to invest = persons somewhat likely to invest + persons very likely to investPersons unlikely to invest = persons somewhat unlikely to invest + persons very unlikely to investAdditional Information for questions 4 and 5:The same set of 500 persons were surveyed in each of the three given years.Q.In the year 2005, what is the least number of persons surveyed who are likely to invest in shares or real estate?a)0b)90c)295d)120e)Cannot be determinedCorrect answer is option 'C'. Can you explain this answer?.
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