Answer the following question based on the information given below.A drug manufacturing company presents the data on manufacturing of four new types of drugs that it started manufacturing in 2015. The first table shows the breakup of the manufacturing in each month (in thousand units) and the second table shows the share of the types of drugs being manufactured in each quarter as a percentage of the total manufactured drugs for that quarter. Some parameters have been defined as under:Quarter production efficiency = (Average monthly production of the drug in the quarter - Total average monthly production)/ Total average monthly productionQuarter comparison ratio = (Average monthly production of the drug in a quarter) / (Average monthly production of the drug in other quarter)Quarter percent = (The total production in a quarter / Total production) x 100Q.Which drug shows the highest change in production from any one quarter to the next?a)Pain Killerb)Antibioticsc)Vitaminsd)ProbioticsCorrect answer is option 'B'. Can you explain this answer?

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Answer the following question based on the information given below.

A drug manufacturing company presents the data on manufacturing of four new types of drugs that it started manufacturing in 2015. The first table shows the breakup of the manufacturing in each month (in thousand units) and the second table shows the share of the types of drugs being manufactured in each quarter as a percentage of the total manufactured drugs for that quarter.

Some parameters have been defined as under:

Quarter production efficiency = (Average monthly production of the drug in the quarter - Total average monthly production)/ Total average monthly production

Quarter comparison ratio = (Average monthly production of the drug in a quarter) / (Average monthly production of the drug in other quarter)

Quarter percent = (The total production in a quarter / Total production) x 100

Which drug shows the highest change in production from any one quarter to the next?

a)
Pain Killer
b)
Antibiotics
c)
Vitamins
d)
Probiotics

Correct answer is option 'B'. Can you explain this answer?

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Consider the total drug production (in thousands) for each quarter.

Jan-Feb-Mar = 18 + 20 + 15 = 53; Apr-May-Jun = 17 + 19 + 15 = 51; Jul-Aug-Sep = 13 + 15 + 16 = 44; Oct-Nov-Dec = 19 + 18 + 15 = 52

The average monthly production for any drug type will be the weighted average of the total drug production.

For Pain Killers, total production = (27% of 53) + (45% of 51) + (34% of 44) + (31 % of 52)

= 14.31 + 22.95 + 14.96 + 16.12 = 68.34

Average monthly production of pain killers (in thousands)

= 68.34/12 = 5.695

Similarly, for Antibiotics, total production = (28% of 53) + (25% of 51) + (14% of 44) + (21 % of 52)

= 14.84 + 12.75 + 6.16 + 10.92 = 44.67

Average monthly production of antibiotics (in thousands) = 44.67/12 = 3.7225

For Vitamins, total production = (23% of 53) + (16% of 51) + (25% of 44) + (23% of 52)

= 12.19 + 8.16+ 11 + 11.96 = 43.31

Average monthly production of vitamins (in thousands) = 43.31/12 = 3.609

For Probiotic Capsules, total production = (22% of 53) + (14% of 51) + (27% of 44) + (25% of 52)

= 11.66 + 7.14 + 11.88 + 13 = 43.68

Average monthly production of probiotic capsules (in thousands) = 43.68/12 = 3.64

Thus, the least per month average production is for vitamins.

Consider each type of medicine at a time and try to identify the highest percentage change by observation (as far as possible).

Pain Killer:

Consider the actual change in each quarter: Apr-Jun = 22.95 - 14.31 = 8.64, Jul-Sep = 7.99 and Oct-Dec =1.16

Observe that the actual change in Apr-Jun and Jul-Sep is nearly the same, but the base is smaller for Apr-Jun (14.31) compared to Jul-Sep (22.95).

Hence, the % change in Apr-Jun > % change in Jul-Sep

Similarly, observe that the base value in Jan-Mar and Jul- Sep is nearly same but the actual change is much higher in Apr-Jun (8.64) compared to Oct-Dec (1.16)

Hence, the % change in Apr-Jun > % change in Oct-Dec

Hence, just calculate the % change for Apr-Jun

% change = (8.64/14.31) * 100 = 60.38% (This is the highest quarter-on-quarter % change for pain killer).

Use this 60% as a reference for the next type of medicine.

Antibiotics:

Actual change in each quarter: Apr-Jun = 2.09, Jul-Sep =

6.59 and Oct-Dec = 4.76

Apr-Jun for Antibiotics has similar figures as Oct-Dec for

Pain Killers. Hence, it is definitely less than 60%.

The figures for Jul-Sep for painkillers become nearly half of figures in Apr-Jun. Hence, this is approximately a 50% change.

Hence, just check for Oct-Dec

% change = (4.76/6.16) x 100 = 77.27%

Now you can verify that no other drug in any quarter has such a high growth.

Hence, option 2.

Note: One way to verify this is to apply a 78% growth to each quarter i.e. where there is an increase, multiply by 1.78 and where there is a decrease, multiple by 0.22.

e.g. For Vitamins, Apr-Jun = 8.16. Now, 8.16 x 1.78 = 14.52. Since July-Sep value (i.e. 11) < 14.52, the growth is less than 78%

Similarly, for For Vitamins, Jan-Mar = 12.19. Now, 12.19 x 0.22 = 2.68. Since Apr-Jun value (8.16) > 2.68, the decrease is less than 78%.

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Answer the following question based on the information given below.A drug manufacturing company presents the data on manufacturing of four new types of drugs that it started manufacturing in 2015. The first table shows the breakup of the manufacturing in each month (in thousand units) and the second table shows the share of the types of drugs being manufactured in each quarter as a percentage of the total manufactured drugs for that quarter. Some parameters have been defined as under:Quarter production efficiency = (Average monthly production of the drug in the quarter - Total average monthly production)/ Total average monthly productionQuarter comparison ratio = (Average monthly production of the drug in a quarter) / (Average monthly production of the drug in other quarter)Quarter percent = (The total production in a quarter / Total production) x 100Q.Which drug shows the highest change in production from any one quarter to the next?a)Pain Killerb)Antibioticsc)Vitaminsd)ProbioticsCorrect answer is option 'B'. Can you explain this answer?

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Answer the following question based on the information given below.A drug manufacturing company presents the data on manufacturing of four new types of drugs that it started manufacturing in 2015. The first table shows the breakup of the manufacturing in each month (in thousand units) and the second table shows the share of the types of drugs being manufactured in each quarter as a percentage of the total manufactured drugs for that quarter. Some parameters have been defined as under:Quarter production efficiency = (Average monthly production of the drug in the quarter - Total average monthly production)/ Total average monthly productionQuarter comparison ratio = (Average monthly production of the drug in a quarter) / (Average monthly production of the drug in other quarter)Quarter percent = (The total production in a quarter / Total production) x 100Q.Which drug shows the highest change in production from any one quarter to the next?a)Pain Killerb)Antibioticsc)Vitaminsd)ProbioticsCorrect answer is option 'B'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about Answer the following question based on the information given below.A drug manufacturing company presents the data on manufacturing of four new types of drugs that it started manufacturing in 2015. The first table shows the breakup of the manufacturing in each month (in thousand units) and the second table shows the share of the types of drugs being manufactured in each quarter as a percentage of the total manufactured drugs for that quarter. Some parameters have been defined as under:Quarter production efficiency = (Average monthly production of the drug in the quarter - Total average monthly production)/ Total average monthly productionQuarter comparison ratio = (Average monthly production of the drug in a quarter) / (Average monthly production of the drug in other quarter)Quarter percent = (The total production in a quarter / Total production) x 100Q.Which drug shows the highest change in production from any one quarter to the next?a)Pain Killerb)Antibioticsc)Vitaminsd)ProbioticsCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Answer the following question based on the information given below.A drug manufacturing company presents the data on manufacturing of four new types of drugs that it started manufacturing in 2015. The first table shows the breakup of the manufacturing in each month (in thousand units) and the second table shows the share of the types of drugs being manufactured in each quarter as a percentage of the total manufactured drugs for that quarter. Some parameters have been defined as under:Quarter production efficiency = (Average monthly production of the drug in the quarter - Total average monthly production)/ Total average monthly productionQuarter comparison ratio = (Average monthly production of the drug in a quarter) / (Average monthly production of the drug in other quarter)Quarter percent = (The total production in a quarter / Total production) x 100Q.Which drug shows the highest change in production from any one quarter to the next?a)Pain Killerb)Antibioticsc)Vitaminsd)ProbioticsCorrect answer is option 'B'. Can you explain this answer?.

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