Last visit was: 17 Nov 2024, 20:41 It is currently 17 Nov 2024, 20:41
Decision Tracker
My Rewards
New comers' posts
New posts
Unanswered

Close

GRE Prep Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GRE score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Go to My Error Log Learn more
Close

Request Expert Reply

Confirm Cancel
PREVIOUS TOPIC
NEXT TOPIC

Average value traded by the investor

SORT BY:
Date
Kudos
Tags :
Find Similar Topics  About  Add a Tag

Show Tags
Hide Tags

avatar
G
harishsridharan
Manager
Manager
Joined: 04 Jan 2019
Posts: 62
Own Kudos [?]: 114 [10]
Given Kudos: 5
Send PM
Average value traded by the investor [#permalink] New post   Updated on: 06 May 2022, 06:13
2
8
Bookmarks
00:00

Question Stats:

56% (02:16) correct 44% (03:04) wrong based on 25 sessions

Hide Show timer Statistics

Attachment:
Q1.png
Q1.png [ 129.75 KiB | Viewed 5545 times ]


Approximately what was the average value traded per investor in the five categories for 2001?

a) $42000
b) $47000
c) $52000
d) $57000
e) $62000
ShowHide Answer
Official Answer
B

Originally posted by harishsridharan on 07 Jan 2022, 23:50.
Last edited by Carcass on 06 May 2022, 06:13, edited 2 times in total.
Fixed OA
avatar
B
donnijeon
Intern
Intern
Joined: 05 Feb 2022
Posts: 2
Own Kudos [?]: 1 [1]
Given Kudos: 16
Send PM
Re: Average value traded by the investor [#permalink] New post   11 Feb 2022, 06:36
1
Can anyone explain the logic of this problem?

I got B as an answer, since 1 investor will have 18 trades in a year and for each trade, the value is added by $2,610.
Thus, I had 2,610 * 18 = 47,000, which is B.

I'd appreciate if someone could correct me on this.
avatar
B
kk117
Manager
Manager
Joined: 06 Jun 2021
Posts: 78
Own Kudos [?]: 13 [0]
Given Kudos: 61
Send PM
Re: Average value traded by the investor [#permalink] New post   11 Apr 2022, 22:40
Can anyone explain this question?
avatar
suchakdeep
Intern
Intern
Joined: 30 Apr 2022
Posts: 2
Own Kudos [?]: 0 [0]
Given Kudos: 3
Send PM
Re: Average value traded by the investor [#permalink] New post   06 May 2022, 02:17
GreenlightTestPrep Solution?????????
User avatar
P
GreenlightTestPrep
Retired Moderator
Joined: 10 Apr 2015
Posts: 6218
Own Kudos [?]: 12192 [1]
Given Kudos: 136
Send PM

Top Member of the Month
Re: Average value traded by the investor [#permalink] New post   06 May 2022, 05:51
1
suchakdeep wrote:
GreenlightTestPrep Solution?????????


I get B also.
My calculations are identical to @donnijeon's
User avatar
D
Carcass
Verbal Expert
Joined: 18 Apr 2015
Posts: 29969
Own Kudos [?]: 36257 [0]
Given Kudos: 25912
Send PM
Re: Average value traded by the investor [#permalink] New post   06 May 2022, 06:12
Expert Reply
Ok . Fixed teh OA

Thank you
avatar
B
beretta
Intern
Intern
Joined: 23 Feb 2023
Posts: 47
Own Kudos [?]: 20 [0]
Given Kudos: 5
Send PM
Re: Average value traded by the investor [#permalink] New post   30 Apr 2023, 00:23
Can anyone provide more detailed solution please?
avatar
B
Pravek
Intern
Intern
Joined: 18 Jul 2023
Posts: 16
Own Kudos [?]: 1 [0]
Given Kudos: 153
Send PM
Re: Average value traded by the investor [#permalink] New post   23 Feb 2024, 22:52
Carcass wrote:
Ok . Fixed teh OA

Thank you

Carcass could you please explain how do you get the answer
User avatar
D
Carcass
Verbal Expert
Joined: 18 Apr 2015
Posts: 29969
Own Kudos [?]: 36257 [0]
Given Kudos: 25912
Send PM
Average value traded by the investor [#permalink] New post   25 Feb 2024, 02:50
Expert Reply
Attachment:
Q1.png
Q1.png [ 127.84 KiB | Viewed 906 times ]


Since the question states

Approximately what was the average value traded per investor in the five categories for 2001 we have to care only of the red part of the graph

As such, it is a matter of a multiplication between the two values. Because the two values are already the average per single operation but we need the total average referring to the 5 categories above the red part (in the first half of the table

\(2,610 * 18 \approx 47,000\)

I hope this helps
Moderators:
adewale223
GRE Instructor
78 posts
bronaugust
GRE Forum Moderator
37 posts
BrushMyQuant
Moderator
1111 posts
VibhuAnurag
GRE Instructor
234 posts

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne

Main navigation

Partners

GRE Resources

www.ets.org/gre | About | Terms and Conditions and Privacy Policy | Prep Club for GRE Rules | Contact