Directions: Answers the question based on the given information.
A management institute was established on 1st January, 2000, with 3, 4, 5 and 6 faculty members respectively in Marketing, Organisational Behaviour (OB), Finance, and Operations Management (OM) departments to start with. No faculty member retired or joined the institute in the first three months of the year 2000. In the next four years, the institute recruited one faculty member in each of the four departments. All these new faculty members, who joined the institute subsequently over the years, were 25 years old at the time of their joining the institute. All of them joined the institute on 1st April. During these four years, one of the faculty members retired at the age of 60. The following bar chart gives the department-wise average age (in terms of number of completed years) of faculty members as on April 1 of 2000, 2001, 2002 and 2003.
Question for 12 Minute Test: Bar Graphs
Try yourself:What was the age of the new faculty member who joined the OM department on 1st April, 2003?
Explanation
As there is a dip in the average age in OM in 2001, and because of the fact that there is only 1 dip in the OM data set, in the OM department, a new person joined in 2001 at the age of 25 years.
Therefore, the age of the new faculty member who joined the OM department on 1st April, 2003, was 27 years.
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Question for 12 Minute Test: Bar Graphs
Try yourself:Professors Naresh and Devesh, two faculty members of Marketing who have been with the institute since its inception, share their birthdays, which fall on 20th November. One was born in 1947 and the other in 1950. On 1st April, 2005, what was the approximate age of the third faculty member, who has been in the same area since inception?
Explanation
In the table, 'n' represents the number of faculty members in different areas and 'a' represents the average age of faculty members.
Sum of ages of Naresh and Devesh in 2000 = (52 + 49) years = 101 years
In 2000, age of the third faculty member = (49.33 × 3 - 101) years = 47 years
In 2005, age of the third faculty member = (47 + 5) years = 52 years
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Question for 12 Minute Test: Bar Graphs
Try yourself:From which department did the faculty member retire?
Explanation
In the table, 'n' represents the number of faculty members in different departments and 'a' represents the average age of faculty members.
- It is given that 1 person was recruited in each of the departments. This is the key sentence.
- There is a dip in average age twice only in Finance. Whenever a person joins or leaves, the average age would be disturbed from its normal increasing value of 1 every year.
- Now, as 2 persons have not joined the same department, it must only be in Finance that a person retired in 1 year and another member joined in another year.
- Because of the fact that all departments have 1 dip in their average age, and Finance has 2, the possibility that the person who retired at 60 years of age and a new faculty member joined in the same department in the same year is ruled out.
- Furthermore, the normal trend in average age in each department is an increase of 1, which would be the normal behaviour if no person joins in or leaves, unless and until the average age of persons who leave and join in the same year is exactly the same.
Furthermore, as the trend is decrease in age and it is happening only once in each of the departments except Finance, the possibility that the average age would increase when a person joins is ruled out as only 1 person joins in the entire period in the data set.
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Question for 12 Minute Test: Bar Graphs
Try yourself:In which year did the new faculty member join the Finance department?
Explanation
It is given that 1 person was recruited in each of the departments. This is the key sentence.
There is a dip in average age twice only in Finance. Whenever a person joins or leaves, the average age would be disturbed from its normal increasing value of 1 every year.
Now, as 2 persons have not joined the same department, it must only be in Finance that a person retired in 1 year and another member joined in another year. Because of the fact that all departments have 1 dip in their average age, and Finance has 2, the possibility that the person who retired at 60 years of age and a new faculty member joined in the same year is ruled out.
Furthermore, the normal trend in average age in each department is an increase of 1, which would be the normal behaviour if no person joins in or leaves, unless and until the average age of persons who leave and join in the same year is exactly the same.
Furthermore, as the trend is decrease in age and it is happening only once in each of the departments except Finance, the possibility that the average age would increase when a person joins is ruled out as only 1 person joins in the entire period in the data set.
Now, let us assume that the person who retired at the age of 60 years from the Finance department, retired in the period 2nd April, 2000 - 31st March, 2001, both dates inclusive. So, the average age of the faculty members as on 1st April, 2001, should be (50.2 × 5 + 5 - 60)/4) years = 49 years, which matches perfectly with the data given.
Thus, the person that retired must have done so in the period given.
Now, there is a dip in the average age of faculty of the Finance department in the year 2002.
So, let us now evaluate if it matches with the data given.
If a person of 25 years of age joins the Finance department on 1st April, 2002, then the average age of the faculty members on 1st April, 2002 is ((49 × 4 + 4 + 25)/5) years = 45 years, which matches perfectly with the given data.
Thus, the person who joined the Finance department did so in the year 2002.
Hence, answer option 3 is correct.
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