CAT Exam  >  CAT Questions  >  A company makes seven types of products - t, ... Start Learning for Free
A company makes seven types of products - 't', 'u', 'v', 'w' , 'x', 'y' and 'z'. In order to make each of these products, different set of processes are required. The details of the costs and the time taken for each process are given in the table below.
Making one unit of 't' involves going through the processes A, C, I, F, B, H and G, in that order. Similarly, product 'u' involves H, I, F, C, A and B processes, product 'v' involves C, H, A, G, F and B processes, product 'w' involves B, F, I, G, C and H processes, product 'x' involves H, B, I, G, C and A processes, product 'y' involves F, D, E, G, A and C processes, and product 'z' involves I, F, B, E, H and G processes.
 
Q.A new product 'tuvwxyz' was to be produced whose "CT ratio" would be equal to the average "CT ratio" of the existing seven products. Find the "CT ratio" of the new product. 
  • a)
    11
  • b)
    12.7
  • c)
    11.6
  • d)
    11.9
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
A company makes seven types of products - t, u, v, w, x, y and z. In o...
The "CT ratios" of the seven products have been calculated in second question of the set.

Their average = 13 + 13.7 + 11 + 13.6 + 11.6 + 11 + 15 / 7 = 88.9 / 7 ≈ 12.7
Hence, option 2.
View all questions of this test
Explore Courses for CAT exam

Similar CAT Doubts

Read the following four passages and answer the items that follow each passage. Your answers to these items should be based on the passage only.Farmers make decisions in a risky, ever changing environment. The consequences of their decisions are generally not known when the decisions are made, and outcomes may be better or worse than expected. Variability of prices and yields are major sources of risk in agriculture. Changes in technology, legal and social concerns, and the human factor itself also contribute to the risky environment for farmers. Risky situations of concern are typically those in which either there is a high possibility of adverse consequences and or the adverse consequences, should they occur, would cause significant disruptions.Farmers and other business people generally do not get into risky situations unless there is a probability of making money. Higher profits are typically associated with higher risks. It is to their advantage that these risky but potentially profitable situations be managed as carefully as possible. Effective risk management involves anticipating possible difficulties and planning to reduce their consequences, not just reacting to unfavourable events after they occur. The two primary aspects of risk management are: 1) anticipating that an unfavourable event may occur and acting to reduce the probability of its occurrence and 2) taking actions which will reduce the adverse consequences should the unfavourable event occur.For example, risk management in the machinery area might involve a complete overhaul of an old tractor before the busy season to reduce the chances of a major breakdown. Also, during planting and harvesting, most farmers keep some key spare parts readily available. While the spare parts do not prevent a breakdown from occurring, the unfavorable consequences are reduced.Some responses to risk, like hedging, may narrow the range of possible outcomes. With hedging, a farmer gives up the chance of a very high price, but is protected from a low price. Other risk responses, like insurance, may involve paying a premium to eliminate the consequences of a ``bad'' event. All of the responses to risk involve a cost, whether explicit like the insurance premium or implicit like the possible high price given up. A risk management strategy is developed using a variety of the available responses to risk.Q. Which one of the following conclusions can be drawn from the passage?

Read the following four passages and answer the items that follow each passage. Your answers to these items should be based on the passage only.Farmers make decisions in a risky, ever changing environment. The consequences of their decisions are generally not known when the decisions are made, and outcomes may be better or worse than expected. Variability of prices and yields are major sources of risk in agriculture. Changes in technology, legal and social concerns, and the human factor itself also contribute to the risky environment for farmers. Risky situations of concern are typically those in which either there is a high possibility of adverse consequences and or the adverse consequences, should they occur, would cause significant disruptions.Farmers and other business people generally do not get into risky situations unless there is a probability of making money. Higher profits are typically associated with higher risks. It is to their advantage that these risky but potentially profitable situations be managed as carefully as possible. Effective risk management involves anticipating possible difficulties and planning to reduce their consequences, not just reacting to unfavourable events after they occur. The two primary aspects of risk management are: 1) anticipating that an unfavourable event may occur and acting to reduce the probability of its occurrence and 2) taking actions which will reduce the adverse consequences should the unfavourable event occur.For example, risk management in the machinery area might involve a complete overhaul of an old tractor before the busy season to reduce the chances of a major breakdown. Also, during planting and harvesting, most farmers keep some key spare parts readily available. While the spare parts do not prevent a breakdown from occurring, the unfavorable consequences are reduced.Some responses to risk, like hedging, may narrow the range of possible outcomes. With hedging, a farmer gives up the chance of a very high price, but is protected from a low price. Other risk responses, like insurance, may involve paying a premium to eliminate the consequences of a ``bad'' event. All of the responses to risk involve a cost, whether explicit like the insurance premium or implicit like the possible high price given up. A risk management strategy is developed using a variety of the available responses to risk.Q. Which one of the following conclusions can be drawn from the passage?

Top Courses for CAT

A company makes seven types of products - t, u, v, w, x, y and z. In order to make each of these products, different set of processes are required. The details of the costs and the time taken for each process are given in the table below.Making one unit of tinvolves going through the processes A, C, I, F, B, H and G, in that order. Similarly, product u involves H, I, F, C, A and B processes, product vinvolves C, H, A, G, F and B processes, product winvolves B, F, I, G, C and H processes, product xinvolves H, B, I, G, C and A processes, product yinvolves F, D, E, G, A and C processes, and product z involves I, F, B, E, H and G processes.Q.A new product tuvwxyz was to be produced whose "CT ratio" would be equal to the average "CT ratio" of the existing seven products. Find the "CT ratio" of the new product.a)11b)12.7c)11.6d)11.9Correct answer is option 'B'. Can you explain this answer?
Question Description
A company makes seven types of products - t, u, v, w, x, y and z. In order to make each of these products, different set of processes are required. The details of the costs and the time taken for each process are given in the table below.Making one unit of tinvolves going through the processes A, C, I, F, B, H and G, in that order. Similarly, product u involves H, I, F, C, A and B processes, product vinvolves C, H, A, G, F and B processes, product winvolves B, F, I, G, C and H processes, product xinvolves H, B, I, G, C and A processes, product yinvolves F, D, E, G, A and C processes, and product z involves I, F, B, E, H and G processes.Q.A new product tuvwxyz was to be produced whose "CT ratio" would be equal to the average "CT ratio" of the existing seven products. Find the "CT ratio" of the new product.a)11b)12.7c)11.6d)11.9Correct 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 A company makes seven types of products - t, u, v, w, x, y and z. In order to make each of these products, different set of processes are required. The details of the costs and the time taken for each process are given in the table below.Making one unit of tinvolves going through the processes A, C, I, F, B, H and G, in that order. Similarly, product u involves H, I, F, C, A and B processes, product vinvolves C, H, A, G, F and B processes, product winvolves B, F, I, G, C and H processes, product xinvolves H, B, I, G, C and A processes, product yinvolves F, D, E, G, A and C processes, and product z involves I, F, B, E, H and G processes.Q.A new product tuvwxyz was to be produced whose "CT ratio" would be equal to the average "CT ratio" of the existing seven products. Find the "CT ratio" of the new product.a)11b)12.7c)11.6d)11.9Correct 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 A company makes seven types of products - t, u, v, w, x, y and z. In order to make each of these products, different set of processes are required. The details of the costs and the time taken for each process are given in the table below.Making one unit of tinvolves going through the processes A, C, I, F, B, H and G, in that order. Similarly, product u involves H, I, F, C, A and B processes, product vinvolves C, H, A, G, F and B processes, product winvolves B, F, I, G, C and H processes, product xinvolves H, B, I, G, C and A processes, product yinvolves F, D, E, G, A and C processes, and product z involves I, F, B, E, H and G processes.Q.A new product tuvwxyz was to be produced whose "CT ratio" would be equal to the average "CT ratio" of the existing seven products. Find the "CT ratio" of the new product.a)11b)12.7c)11.6d)11.9Correct answer is option 'B'. Can you explain this answer?.
Solutions for A company makes seven types of products - t, u, v, w, x, y and z. In order to make each of these products, different set of processes are required. The details of the costs and the time taken for each process are given in the table below.Making one unit of tinvolves going through the processes A, C, I, F, B, H and G, in that order. Similarly, product u involves H, I, F, C, A and B processes, product vinvolves C, H, A, G, F and B processes, product winvolves B, F, I, G, C and H processes, product xinvolves H, B, I, G, C and A processes, product yinvolves F, D, E, G, A and C processes, and product z involves I, F, B, E, H and G processes.Q.A new product tuvwxyz was to be produced whose "CT ratio" would be equal to the average "CT ratio" of the existing seven products. Find the "CT ratio" of the new product.a)11b)12.7c)11.6d)11.9Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CAT. Download more important topics, notes, lectures and mock test series for CAT Exam by signing up for free.
Here you can find the meaning of A company makes seven types of products - t, u, v, w, x, y and z. In order to make each of these products, different set of processes are required. The details of the costs and the time taken for each process are given in the table below.Making one unit of tinvolves going through the processes A, C, I, F, B, H and G, in that order. Similarly, product u involves H, I, F, C, A and B processes, product vinvolves C, H, A, G, F and B processes, product winvolves B, F, I, G, C and H processes, product xinvolves H, B, I, G, C and A processes, product yinvolves F, D, E, G, A and C processes, and product z involves I, F, B, E, H and G processes.Q.A new product tuvwxyz was to be produced whose "CT ratio" would be equal to the average "CT ratio" of the existing seven products. Find the "CT ratio" of the new product.a)11b)12.7c)11.6d)11.9Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of A company makes seven types of products - t, u, v, w, x, y and z. In order to make each of these products, different set of processes are required. The details of the costs and the time taken for each process are given in the table below.Making one unit of tinvolves going through the processes A, C, I, F, B, H and G, in that order. Similarly, product u involves H, I, F, C, A and B processes, product vinvolves C, H, A, G, F and B processes, product winvolves B, F, I, G, C and H processes, product xinvolves H, B, I, G, C and A processes, product yinvolves F, D, E, G, A and C processes, and product z involves I, F, B, E, H and G processes.Q.A new product tuvwxyz was to be produced whose "CT ratio" would be equal to the average "CT ratio" of the existing seven products. Find the "CT ratio" of the new product.a)11b)12.7c)11.6d)11.9Correct answer is option 'B'. Can you explain this answer?, a detailed solution for A company makes seven types of products - t, u, v, w, x, y and z. In order to make each of these products, different set of processes are required. The details of the costs and the time taken for each process are given in the table below.Making one unit of tinvolves going through the processes A, C, I, F, B, H and G, in that order. Similarly, product u involves H, I, F, C, A and B processes, product vinvolves C, H, A, G, F and B processes, product winvolves B, F, I, G, C and H processes, product xinvolves H, B, I, G, C and A processes, product yinvolves F, D, E, G, A and C processes, and product z involves I, F, B, E, H and G processes.Q.A new product tuvwxyz was to be produced whose "CT ratio" would be equal to the average "CT ratio" of the existing seven products. Find the "CT ratio" of the new product.a)11b)12.7c)11.6d)11.9Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of A company makes seven types of products - t, u, v, w, x, y and z. In order to make each of these products, different set of processes are required. The details of the costs and the time taken for each process are given in the table below.Making one unit of tinvolves going through the processes A, C, I, F, B, H and G, in that order. Similarly, product u involves H, I, F, C, A and B processes, product vinvolves C, H, A, G, F and B processes, product winvolves B, F, I, G, C and H processes, product xinvolves H, B, I, G, C and A processes, product yinvolves F, D, E, G, A and C processes, and product z involves I, F, B, E, H and G processes.Q.A new product tuvwxyz was to be produced whose "CT ratio" would be equal to the average "CT ratio" of the existing seven products. Find the "CT ratio" of the new product.a)11b)12.7c)11.6d)11.9Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice A company makes seven types of products - t, u, v, w, x, y and z. In order to make each of these products, different set of processes are required. The details of the costs and the time taken for each process are given in the table below.Making one unit of tinvolves going through the processes A, C, I, F, B, H and G, in that order. Similarly, product u involves H, I, F, C, A and B processes, product vinvolves C, H, A, G, F and B processes, product winvolves B, F, I, G, C and H processes, product xinvolves H, B, I, G, C and A processes, product yinvolves F, D, E, G, A and C processes, and product z involves I, F, B, E, H and G processes.Q.A new product tuvwxyz was to be produced whose "CT ratio" would be equal to the average "CT ratio" of the existing seven products. Find the "CT ratio" of the new product.a)11b)12.7c)11.6d)11.9Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CAT tests.
Explore Courses for CAT exam

Top Courses for CAT

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev