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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. If the same set of 500 people were surveyed in all three years, the number of persons who responded with the same likelihood of investment in real estate in 2004 and 2005 is at most
  • a)
    170
  • b)
    325
  • c)
    400
  • d)
    455
  • e)
    Cannot be determined
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Surveys were conducted in three years - 2003, 2004 and 2005 - to find ...
Solution: In the year 2004, 90 were very unlikely to invest in real estate and in 2005 their number is 105. At the most, of these, 90 persons could have responded with the same likelihood.
In this way the maximum number of persons responding in the same likelihood of investment in real estate = 90 + 40 + 25 + 170 + 105 + 25 = 455
Hence, option 4.
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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.If the same set of 500 people were surveyed in all three years, the number of persons who responded with the same likelihood of investment in real estate in 2004 and 2005 is at mosta)170b)325c)400d)455e)Cannot be determinedCorrect answer is option 'D'. 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.If the same set of 500 people were surveyed in all three years, the number of persons who responded with the same likelihood of investment in real estate in 2004 and 2005 is at mosta)170b)325c)400d)455e)Cannot be determinedCorrect answer is option 'D'. 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.If the same set of 500 people were surveyed in all three years, the number of persons who responded with the same likelihood of investment in real estate in 2004 and 2005 is at mosta)170b)325c)400d)455e)Cannot be determinedCorrect answer is option 'D'. 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.If the same set of 500 people were surveyed in all three years, the number of persons who responded with the same likelihood of investment in real estate in 2004 and 2005 is at mosta)170b)325c)400d)455e)Cannot be determinedCorrect answer is option 'D'. Can you explain this answer?.
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