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Average value traded by the investor

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harishsridharan
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Average value traded by the investor [#permalink] New post   Updated on: 06 May 2022, 06:13
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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
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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
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donnijeon
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Re: Average value traded by the investor [#permalink] New post   11 Feb 2022, 06:36
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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.
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kk117
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Re: Average value traded by the investor [#permalink] New post   11 Apr 2022, 22:40
Can anyone explain this question?
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suchakdeep
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Re: Average value traded by the investor [#permalink] New post   06 May 2022, 02:17
GreenlightTestPrep Solution?????????
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GreenlightTestPrep
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Re: Average value traded by the investor [#permalink] New post   06 May 2022, 05:51
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suchakdeep wrote:
GreenlightTestPrep Solution?????????


I get B also.
My calculations are identical to @donnijeon's
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Carcass
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Re: Average value traded by the investor [#permalink] New post   06 May 2022, 06:12
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Ok . Fixed teh OA

Thank you
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beretta
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Re: Average value traded by the investor [#permalink] New post   30 Apr 2023, 00:23
Can anyone provide more detailed solution please?
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Pravek
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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
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Carcass
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Average value traded by the investor [#permalink] New post   25 Feb 2024, 02:50
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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
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