Manhattan Review InFocus Forum - GMAT Math
|
| GMAT Math Open to all visitors - Facilitated by Manhattan Review! |

11-15-2008, 04:33 PM, Average Salary Question
|
|
Specialist
|
|
Join Date: Nov 2008
Posts: 14
|
|
Average Salary Question
Help please with math question:
Last year the avg. salary of the 10 employees of Company X was $42,800. What is the avg. salary of the same 10 employees this year?
1) For 8 of the 10 employees, this year's salary is 15 percent greater than last year's salary.
2) For 2 of the 10 employees, this year's salary is the same as last year's salary
Why is it wrong to think that we will be able to calculate this year's avg. given last year's avgerage?
IThat is, why is the answer not C?
statement 1
1.15 (42.8) x 8
+
statement 2
(42.8) (2)
= the sum of the salaries.
That sum divided by 10 = the this year's avg.
OA however, says it is E that is correct.
|

11-15-2008, 04:45 PM, Average Salary Question
|
|
Specialist
|
|
Join Date: Oct 2008
Posts: 21
|
|
re
Ok,
Granted the info in 1 and 2, we still don't know any individual salary and have no reason to believe each individual's salary is equal to last year's average salary. Think about it this way: say the top few salaries increased by x% and the lowest few salaries did not change. The average would then be significantly different than if the lowest few salaries increased by x% and the top few salaries did not change.
I'm not sure exactly where you're from, but you might benefit from one of MR's courses, which can help you develop the math skills you will need for the GMAT.
http://www.manhattanreview.com/cours...urse-list.html
Hope that helped,
JEM
Last edited by JEM; 11-15-2008 at 04:51 PM.
|

11-25-2008, 02:12 AM, Average Salary Question
|
|
Specialist
|
|
Join Date: Nov 2008
Posts: 14
|
|
RE
I am from Mexico City, JEM. Thank you for your help again.
I looked at the MR website and yes, I think I may sign up for one of the free online info sessions.
|

01-19-2009, 04:56 AM, Average Salary Question
|
|
Participant
|
|
Join Date: Jan 2009
Posts: 1
|
|
Quote:
Originally Posted by JEM
Ok,
Granted the info in 1 and 2, we still don't know any individual salary and have no reason to believe each individual's salary is equal to last year's average salary. Think about it this way: say the top few salaries increased by x% and the lowest few salaries did not change. The average would then be significantly different than if the lowest few salaries increased by x% and the top few salaries did not change.
I'm not sure exactly where you're from, but you might benefit from one of MR's courses, which can help you develop the math skills you will need for the GMAT.
http://www.manhattanreview.com/cours...urse-list.html
Hope that helped,
JEM
|
My answer is the same as this, the info in 1 and 2.
___________________
Great thing to know about Busby SEO Test.
|

06-22-2010, 04:17 AM, Average Salary Question
|
|
Participant
|
|
Join Date: Jun 2010
Posts: 5
|
|
thanks man.
|

07-13-2010, 01:28 AM, Average Salary Question
|
|
Participant
|
|
Join Date: Jul 2010
Posts: 1
|
|
It was really a nice experience to read out from here because all the posts are interesting to read out and conating very useful information for the readers as well.
__________________
Benalex
|

07-15-2010, 10:09 PM, Average Salary Question
|
|
Participant
|
|
Join Date: Jul 2010
Posts: 7
|
|
Kudos to you JEM! I am a newbie here and glad to have stumbled this forum, am learning a lot of answers to my GMAT queries.
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
All times are GMT -5. The time now is 12:41 AM.
| |