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QOTD #6 While new census data reveals that unemployment : Reading Comprehension

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Re: QOTD #6 While new census data reveals that unemployment [#permalink]
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Added the OA

Please make your reasoning about the answers.

Do not hesitate to ask if something is unclear to you

Regards
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Re: QOTD #6 While new census data reveals that unemployment [#permalink]
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Carcass wrote:
Added the OA

Please make your reasoning about the answers.

Do not hesitate to ask if something is unclear to you

Regards

How the answer of q3 is E? can you explain?
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Re: QOTD #6 While new census data reveals that unemployment [#permalink]
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3 is tricky
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Re: QOTD #6 While new census data reveals that unemployment [#permalink]
Hey, Can you explain how "B" is the answer to the 2nd and 3rd questions?
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Re: QOTD #6 While new census data reveals that unemployment [#permalink]
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Vedant1807 wrote:
Hey, Can you explain how "B" is the answer to the 2nd and 3rd questions?


Hi

the third question is E not B

:think: :think:
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Re: QOTD #6 While new census data reveals that unemployment [#permalink]
Carcass, can you please explain where it is stated in the passage that the value of high valued businesses may have risen for Q3?
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Re: QOTD #6 While new census data reveals that unemployment [#permalink]
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Though the average number of new businesses started per year has been higher during the recession than it was before, the proportion of high-value businesses founded each year has declined.
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QOTD #6 While new census data reveals that unemployment [#permalink]
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digitalmohsin wrote:
Carcass wrote:
Added the OA

Please make your reasoning about the answers.

Do not hesitate to ask if something is unclear to you

Regards

How the answer of q3 is E? can you explain?


Typical number vs percentage trap!
1. Say year 1 had 100 new businesses with 10% of the businesses being high value. That means that 10 businesses in year 1 were high value.
2. Now, say year two had 200 new businesses ("higher during recession than it was before"). Now since the "proportion of high value businesses has declined", the percentage of high value businesses has to be less than 10% (year 1). So it can be either 1%, or 5% or 9.9999% i.e. 2 (lower than 10 in year 1) or 10 (equal to 10 in year 1) or 19 (higher than 10 in year 1) high value businesses respectively!
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QOTD #6 While new census data reveals that unemployment [#permalink]
Hi, In the third question, " the number of american high value business founded per year" is asked.

In the passage it is mentioned that, even though the average number of businesses started per year ia higher, the proportion of high value businesses founded EACH year has declined.

Doesnt the above statement logically indicate that the number of high value businesses are still increasing, even though the proportion of their increase is declining, as both the "average number of new businesses" and "proportion of high value businesses" are measure PER YEAR.

Can anyone please clarify on this. Thank you

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Re: QOTD #6 While new census data reveals that unemployment [#permalink]
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QUESTION #3

(E). This question asks what “can be inferred” about the number of American high-value businesses; that is, what else must be true based upon the evidence given in the passage? The answer choices all have to do with how this number has changed (or may have changed) during the course of the recent recession. In particular, when you encounter mathematical language, take extra care to make the argument airtight mathematically. Search for the key phrase “high-value businesses”: the passage states that “the proportion of high-value businesses founded each year has declined.” Watch out! A proportion is not the same as a number. The proportion has fallen, but the overall number of new business starts has been higher over recent years. If the overall number is up, but the proportion is down, it is unknown whether the absolute number of high-value businesses is up or down; this is exactly what choice (E) indicates.
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Re: QOTD #6 While new census data reveals that unemployment [#permalink]
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let me know if still unclear to you.

I will explain
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Re: QOTD #6 While new census data reveals that unemployment [#permalink]
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