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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
Q.
Which drug has the highest quarter production efficiency, in any given quarter?
 
  • a)
     Antibiotics
  • b)
    Vitamins
  • c)
    Probiotic Capsules
  • d)
     Pain Killers
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Answer the following question based on the information given below.A d...
Quarter production efficiency = (Average monthly production in that quarter - Total average monthly production)/Total average monthly production
Total average monthly production for each type of drug has been found in one of the earlier solutions:
Pain Killers = 5.69, Antibiotics = 3.72, Vitamins = 3.61 and Probiotic Capsules = 3.64
Hence, for any given drug, quarter production efficiency will be the highest when its quarterly manfacturing is highest. Hence, instead of finding quarterly efficiency of each drug for each quarter, find it for each drug only for its highest manufacturing quarter.
Pain Killers (Apr-Jun) = 22.95/3 = 7.65
Quarter efficiency = [(7.65 - 5.69)/5.69] x 100 =
(1.96/5.69) x 100 = 34.45%
Antibiotics (Jan-Mar) = 14.84/3 = 4.95
Quarter efficiency = [(4.95 - 3.72)/3.72] x 100 =
(1.23/3.72) x 100 = 33.06%
Vitamins (Jan-Mar) = 12.19/3 = 4.06
Quarter efficiency = [(4.06 - 3.61 )/3.61 ] x 100 = (0.45/3.61) x 100 = 12.47%
Probiotic Capsules (Oct-Dec) = 13/3 = 4.33
Quarter efficiency = [(4.33 - 3.64)/3.64] x 100 = (0.69/3.64) x 100 = 18.97%
Hence, the highest quarter production efficiency is for Pain Killers in Apr-Jun
Hence, option 4.
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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 has the highest quarter production efficiency, in any given quarter?a)Antibioticsb)Vitaminsc)Probiotic Capsulesd)Pain KillersCorrect answer is option 'D'. 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 has the highest quarter production efficiency, in any given quarter?a)Antibioticsb)Vitaminsc)Probiotic Capsulesd)Pain KillersCorrect answer is option 'D'. 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 has the highest quarter production efficiency, in any given quarter?a)Antibioticsb)Vitaminsc)Probiotic Capsulesd)Pain KillersCorrect answer is option 'D'. 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 has the highest quarter production efficiency, in any given quarter?a)Antibioticsb)Vitaminsc)Probiotic Capsulesd)Pain KillersCorrect answer is option 'D'. Can you explain this answer?.
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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 has the highest quarter production efficiency, in any given quarter?a)Antibioticsb)Vitaminsc)Probiotic Capsulesd)Pain KillersCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice CAT tests.
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