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Which of the following statement can be inferred from the graph? Ⅰ. O
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23 Aug 2021, 02:23
23 Aug 2021, 02:23
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Which of the following statement can be inferred from the graph?
Ⅰ. On the average, people in the United States saved about the same amount as people in the United Kingdom.
Ⅱ. The median of the savings rates for the eight countries was greater than 11 percent
Ⅲ. Only two of the countries had a higher savings rate than Italy.
(A) Ⅰ only
(B) Ⅱ only
(C) Ⅲ only
(D) Ⅰand Ⅱ
(E) Ⅱ and Ⅲ
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Re: Which of the following statement can be inferred from the graph? Ⅰ. O
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24 Aug 2021, 10:02
24 Aug 2021, 10:02
Carcass wrote:
Which of the following statement can be inferred from the graph?
Ⅰ. On the average, people in the United States saved about the same amount as people in the United Kingdom.
Ⅱ. The median of the savings rates for the eight countries was greater than 11 percent
Ⅲ. Only two of the countries had a higher savings rate than Italy.
(A) Ⅰ only
(B) Ⅱ only
(C) Ⅲ only
(D) Ⅰand Ⅱ
(E) Ⅱ and Ⅲ
Ⅰ. On the average, people in the United States saved about the same amount as people in the United Kingdom
We cannot say, as we are unaware of the number of people in both the countries
NOTE: The data provided is for Saving Rate NOT the Savings
Ⅱ. The median of the savings rates for the eight countries was greater than 11 percent
Median value would be the average of 4th and 5th term from all terms (arranged in ascending order)
i.e. average of SR of Spain and Canada ≈ \([m]11 + 13/2\) ≈ 12[/m]
Ⅲ. Only two of the countries had a higher savings rate than Italy
Clearly, Switzerland and Japan are those 2 countries
Hence, option E
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