[friend9921]

Originally Posted by nuttyvarun

According to a recent study on financial roles, one-third of high school seniors say that they have “significant financial responsibilities.” These responsibilities include, but are not limited to, contributing to food, shelter, or clothing for themselves or their families. At the same time, a second study demonstrates that a crisis in money management exists for high school students. According to this study, 80% of high school seniors have never taken a personal finance class even though the same percentage of seniors has opened bank accounts and one-third of these account holders has bounced a check.

Which of the following conclusions can be properly drawn from the statements above?

1. High schools would be wise to incorporate personal finance classes into their core curricula.
2. At least one-third of high school seniors work part-time jobs after school.
3. The number of high school seniors with significant financial responsibilities is greater than the number of seniors who have bounced a check.
4. Any high school seniors who contribute to food, shelter, or clothing for themselves or their families have significant financial responsibilities.
5. The majority of high school students have no financial responsibilities to their families.

Good question.

I will go with option 1.

[sayanddude]

Originally Posted by nuttyvarun

According to a recent study on financial roles, one-third of high school seniors say that they have “significant financial responsibilities.” These responsibilities include, but are not limited to, contributing to food, shelter, or clothing for themselves or their families. At the same time, a second study demonstrates that a crisis in money management exists for high school students. According to this study, 80% of high school seniors have never taken a personal finance class even though the same percentage of seniors has opened bank accounts and one-third of these account holders has bounced a check.

Which of the following conclusions can be properly drawn from the statements above?

1. High schools would be wise to incorporate personal finance classes into their core curricula.
2. At least one-third of high school seniors work part-time jobs after school.
3. The number of high school seniors with significant financial responsibilities is greater than the number of seniors who have bounced a check.
4. Any high school seniors who contribute to food, shelter, or clothing for themselves or their families have significant financial responsibilities.
5. The majority of high school students have no financial responsibilities to their families.

I would go for option 3
what`s the OA???

[nuttyvarun]

the answer is option C/3

this is more of DS/PS and CR questions..
1/3rd of 100% ~ 34% = significant financial responsibilities
1/3rd of 80% ~ 27% = one-third of these account holders has bounced a check, i.e. 80%

thus option C

Originally Posted by nuttyvarun

According to a recent study on financial roles, one-third of high school seniors say that they have “significant financial responsibilities.” These responsibilities include, but are not limited to, contributing to food, shelter, or clothing for themselves or their families. At the same time, a second study demonstrates that a crisis in money management exists for high school students. According to this study, 80% of high school seniors have never taken a personal finance class even though the same percentage of seniors has opened bank accounts and one-third of these account holders has bounced a check.

Which of the following conclusions can be properly drawn from the statements above?

1. High schools would be wise to incorporate personal finance classes into their core curricula.
2. At least one-third of high school seniors work part-time jobs after school.
3. The number of high school seniors with significant financial responsibilities is greater than the number of seniors who have bounced a check.
4. Any high school seniors who contribute to food, shelter, or clothing for themselves or their families have significant financial responsibilities.
5. The majority of high school students have no financial responsibilities to their families.

Originally Posted by mvikred

I'd go for A

OA please !!

Originally Posted by friend9921

Good question.

I will go with option 1.

Originally Posted by sayanddude

I would go for option 3
what`s the OA???

[mvikred]

Originally Posted by nuttyvarun

I guess A is not implied.. its assumed.. right!!

I just chose A by eliminating others.

The other options according to me were inconclusive, with the given information. Or are just repeating the same thing said in the argument.

So what is the correct answer ?

I am just curious if my train of thought is correct or not !!

ps : sorry ... saw the answer !!

[mvikred]

Originally Posted by nuttyvarun

the answer is option C/3

this is more of DS/PS and CR questions..
1/3rd of 100% ~ 34% = significant financial responsibilities
1/3rd of 80% ~ 27% = one-third of these account holders has bounced a check, i.e. 80%

thus option C

I did do that calculation, but I dont think its the conclusion. You conclude something with the information you have. You don't conclude by stating the fact presented in the argument in a different format. If C is the correct answer then there is no reasoning at all.

Sorry to say that option C is not very convincing. Either that or the question has be incorrectly framed.

Just my 2 cents !!

[nuttyvarun]

the question was;
Which of the following conclusions can be properly drawn from the statements above?

to address your answer the question should have been something like below;
Which of the following suggestions would be most applicable to address the situation?



also Pardon me, but the lines highlighted below is contradicting each other.. oxymorons..

Originally Posted by mvikred

I did do that calculation, but I dont think its the conclusion. You conclude something with the information you have. You don't conclude by stating the fact presented in the argument in a different format. If C is the correct answer then there is no reasoning at all.

Sorry to say that option C is not very convincing. Either that or the question has be incorrectly framed.

Just my 2 cents !!

[mvikred]

LOL .. a sleepy head does come up with innovative ways of framing sentences.

what I meant was, to me, Conclusion should be a logical step to the information provided and not the same information written in a different format/structure.

I hope I was clear this time.

If its possible can you please quote the source of this question.

Rgds

[nuttyvarun]

Originally Posted by mvikred

LOL .. a sleepy head does come up with innovative ways of framing sentences.

what I meant was, to me, Conclusion should be a logical step to the information provided and not the same information written in a different format/structure.

I hope I was clear this time.

If its possible can you please quote the source of this question.

Rgds

Source: Manhattan CR Guide

[nuttyvarun]

Try this before you doze off

Which of the following most logically completes the passage?

Appendicitis (inflammation of the appendix) is potentially fatal; consequently, patients with symptoms strongly suggesting appendicitis almost have their appendix removed. The appropriate surgery is low-risk but performed unnecessarily in about 20 percent of all cases. A newly developed internal scan for appendicitis is highly accurate, producing two misdiagnoses for every 98 correct diagnoses. Clearly, using this test, doctors can largely avoid unnecessary removals of the appendix without, however, performing any fewer necessary ones than before, since

A. the patients who are correctly diagnosed with this test as not having appendicitis invariably have medical conditions that are much less serious than appendicitis
B. the misdiagnoses produced by this test are always instances of attributing appendicitis to someone who does not, in fact, have it
C. all of the patients who are diagnosed with this test as having appendicitis do, in fact, have appendicitis
D. every patient who is diagnosed with this test as having appendicitis has more than one of the symptoms generally associated with appendicitis
E. the only patients who are misdiagnosed using this test are patients who lack one or more of the symptoms that are generally associated with appendicitis

I got stumped

[nuttyvarun]

Since it has become known that several of a bank’s top executives have been buying shares in their own bank, the bank’s depositors, who had been worried by rumors that the bank faced impending financial collapse, have been greatly relieved. They reason that since top executives evidently have faith in the bank’s financial soundness, those worrisome rumors must be false. They might well be overoptimistic, however since corporate executives have sometimes bought shares in their own company in a calculated attempt to dispel negative rumors about the company’s health.

In the argument given, the two boldfaced portions play which of the following roles?

A. The first summarizes the evidence used in the reasoning called into question by the argument; the second states the counterevidence on which the argument relies.
B. The first summarizes the evidence used in the reasoning called into question by the argument; the second is an intermediate conclusion supported by the evidence.
C. The first is an intermediate conclusion that forms part of the reasoning called into question by the argument; the second is evidence that undermines the support for this intermediate conclusion.
D. The first is an intermediate conclusion that forms part of the reasoning called into question by the argument; the second is the main conclusion of the argument.
E. The first is an intermediate conclusion that forms part of the reasoning called into question by the argument; the second states a further conclusion supported by this intermediate conclusion.