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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
The box plot below shows the prices of different bikes in state X. Wha
[#permalink]
01 Aug 2023, 03:42
01 Aug 2023, 03:42
Expert Reply
7
Bookmarks
00:00
Question Stats:
23% (01:23) correct
76% (01:43) wrong based on 17 sessions
Hide Show timer Statistics
The box plot below shows the prices of different bikes in state X. What could be percentage of the bikes in the state X that are priced at more than $100, 000?
GRE plot (4).jpg [ 15.99 KiB | Viewed 2701 times ]
Indicate all that apply
A. 28%
B. 50%
C. 60%
D. 74%
E. 82%
Post A Detailed Correct Solution For The Above Questions And Get Kudos.
Question From Our Project: Free GRE Prep Club Tests in Exchange for 20 Kudos
\(\Longrightarrow\) GRE - Quant Daily Topic-wise Challenge
\(\Longrightarrow\) GRE Math Essentials - A most comprehensive handout!!
\(\Longrightarrow\) Free Materials for the GRE General Exam - Where to get it!!
\(\Longrightarrow\) Best GRE Test Books of 2023
Attachment:
GRE plot (4).jpg [ 15.99 KiB | Viewed 2701 times ]
Indicate all that apply
A. 28%
B. 50%
C. 60%
D. 74%
E. 82%
Post A Detailed Correct Solution For The Above Questions And Get Kudos.
Question From Our Project: Free GRE Prep Club Tests in Exchange for 20 Kudos
\(\Longrightarrow\) GRE - Quant Daily Topic-wise Challenge
\(\Longrightarrow\) GRE Math Essentials - A most comprehensive handout!!
\(\Longrightarrow\) Free Materials for the GRE General Exam - Where to get it!!
\(\Longrightarrow\) Best GRE Test Books of 2023
Re: The box plot below shows the prices of different bikes in state X. Wha
[#permalink]
17 Sep 2023, 00:11
17 Sep 2023, 00:11
Expert Reply
OE
Consider the boxplot, Q2 is median. That means 50 percent of the values are left of
Q2 and 50% of the values are right of Q2.
As we look at the graph, 50% of the values are prized less than Q2.
As no specific values specified or prices between Q2 and $100,000.
There may be bikes or may not be priced between Q2 and $100,000.
So, we can say, less than or equal to 50% of the values are above $100,000.
If 0 bikes between Q2 and $100,000, then 50% above $100,000.
If some bikes between Q2 and $100,000, then less than 50% above $100,000.
The only answer choice less than or equal to 50% is 28% and 50%
Hence, answer is A and B
Let’s look at the options by taking some value where I am talking about priced above
$100,000
The values are starting from 100 after Q2. For example, the sequence can be like:
40, a, b, c, …, 60, d, e, f, …, 98, 101, g, h, i, …, 120, j, k, l, … 130
(L1) (Q1) (Q2) (Q3) (L2)
Or
40, a, b, c, …, 60, d, e, f, …, 98, 99, 100, g, h, i, …, 120, j, k, l, … 130
(L1) (Q1) (Q2) (Q3) (L2)
So, in the above sequence we can see that all the terms more than Q2 are priced
more than $100,000
i.e. 50% of the terms are priced more than $100,000.
Since, the question is asking what could be the percentage of the bikes in state X, so
we can get 50% as well.
Hence, the answer is B.
Consider the boxplot, Q2 is median. That means 50 percent of the values are left of
Q2 and 50% of the values are right of Q2.
As we look at the graph, 50% of the values are prized less than Q2.
As no specific values specified or prices between Q2 and $100,000.
There may be bikes or may not be priced between Q2 and $100,000.
So, we can say, less than or equal to 50% of the values are above $100,000.
If 0 bikes between Q2 and $100,000, then 50% above $100,000.
If some bikes between Q2 and $100,000, then less than 50% above $100,000.
The only answer choice less than or equal to 50% is 28% and 50%
Hence, answer is A and B
Let’s look at the options by taking some value where I am talking about priced above
$100,000
The values are starting from 100 after Q2. For example, the sequence can be like:
40, a, b, c, …, 60, d, e, f, …, 98, 101, g, h, i, …, 120, j, k, l, … 130
(L1) (Q1) (Q2) (Q3) (L2)
Or
40, a, b, c, …, 60, d, e, f, …, 98, 99, 100, g, h, i, …, 120, j, k, l, … 130
(L1) (Q1) (Q2) (Q3) (L2)
So, in the above sequence we can see that all the terms more than Q2 are priced
more than $100,000
i.e. 50% of the terms are priced more than $100,000.
Since, the question is asking what could be the percentage of the bikes in state X, so
we can get 50% as well.
Hence, the answer is B.
Re: The box plot below shows the prices of different bikes in state X. Wha
[#permalink]
05 Oct 2024, 14:32
05 Oct 2024, 14:32
Hello from the GRE Prep Club BumpBot!
Thanks to another GRE Prep Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).
Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
Thanks to another GRE Prep Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).
Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
