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Knewton HW

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mundasingh123 GMAT Titan Default Avatar
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Knewton HW Post Sun May 15, 2011 1:51 am
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  • Lap #[LAPCOUNT] ([LAPTIME])
    An analysis of ticket sales data reveals that when the outcome of a match between two sports teams in the same league is perceived by fans to be essentially certain, attendance will drop to minimal levels and ticket revenues will drop to minimal levels. Therefore, if the analysis is correct, and given the desire of sports teams to maximize ticket revenue, it should be expected that __________.

    (A)

    when a league is experiencing a hotly contested season, ticket revenues will vary widely for matches that fans perceive to have equally certain outcomes
    (B)

    if some teams leave a league, the profits of the remaining teams will tend to decrease
    (C)

    each team in a league will try to convince fans that the outcomes of its matches are uncertain
    (D)

    when consumers perceive the outcome of a match to be essentially certain, they will prefer to buy lower-priced tickets
    (E)

    teams in a league where many matches have essentially certain outcomes have more incentive to reduce prices and thus increase sales than to try to convince fans that the outcomes of their matches are uncertain

    What sort of a question is this ? Inference , Find the Conclusion , strengthen , weaken ?
    If it is Inference or FTConclusion arent all the answer choices bringing in outside information

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    HSPA GMAT Titan
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    Post Sun May 15, 2011 2:24 am
    A > E > C

    Looks more a inference question

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    mundasingh123 GMAT Titan Default Avatar
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    Post Sun May 15, 2011 3:34 am
    HSPA wrote:
    A > E > C

    Looks more a inference question
    You are way off the mark . Anyways i need My answers . Do u find any outside info

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    Post Sun May 15, 2011 3:43 am
    mundasingh123 wrote:
    HSPA wrote:
    A > E > C

    Looks more a inference question
    You are way off the mark . Anyways i need My answers . Do u find any outside info
    Oh my god.. it has to be atleast C...How far off the mark am I. wht is the OA

    I know A is wrong because of "vary widely"... C > E i guess Smile
    If it is D or B please give me OE

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    mundasingh123 GMAT Titan Default Avatar
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    Post Sun May 15, 2011 4:43 am
    HSPA wrote:
    mundasingh123 wrote:
    HSPA wrote:
    A > E > C

    Looks more a inference question
    You are way off the mark . Anyways i need My answers . Do u find any outside info
    Oh my god.. it has to be atleast C...How far off the mark am I. wht is the OA

    I know A is wrong because of "vary widely"... C > E i guess Smile
    If it is D or B please give me OE
    No OE Yet This is HW

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    Anahatha Rising GMAT Star Default Avatar
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    Post Sun May 15, 2011 6:44 am
    I feel it is an Inference question . Answer : C

    mk101 Rising GMAT Star Default Avatar
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    Post Sun May 15, 2011 9:02 am
    will go with C.
    This is an inference question - we have to find the unknown from what is known..

    A, B, D,E can be ignored because they do not answer the question..

    mundasingh123 GMAT Titan Default Avatar
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    Post Sun May 15, 2011 10:17 am
    mk101 wrote:
    will go with C.
    This is an inference question - we have to find the unknown from what is known..

    A, B, D,E can be ignored because they do not answer the question..
    I read that Inference questions have OAs which must be true and do not bring in any outside information . How can we infer what the Leagues/Teams will plan to do or what their plan of action will be
    Thanks Manish for the Help

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    karthikpandian19 GMAT Titan
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    Post Sat Jun 30, 2012 4:21 am
    OE is

    Evidence: (1) When fans perceive the outcome of a match to be essentially certain, attendance and tickets drops to minimal levels. (2) Sports teams want to maximize ticket revenues.

    We must identify a reasonable expectation based on these statements. Since teams want to maximize ticket sales, teams will need to prevent fans from perceiving the outcome of matches to be essentially certain.

    Choice A: False. The prediction states that there is a relationship between the perceived certainty of a match's outcome, and ticket revenue. Therefore, if fans perceive matches to have "equally certain outcomes", the ticket revenues for such matches should remain stable, not to "vary widely".

    Choice B: Out of scope. This argument does not mention the number of teams in a league, so a conclusion about the effects of some teams leaving the league is not supported.

    Choice C: Per (1) and (2) a sports team will want to "convince fans that the outcomes of its matches are uncertain" to prevent drops in attendance and ticket revenue. Choice C is correct.

    Choice D: Irrelevant. The argument does indeed state that when the outcome of a match is thought to be essentially certain, that attendance and ticket revenue drop. However, the prompt says nothing about the price of the tickets which are sold even at minimal levels. Thus, we cannot draw conclusions about what kinds of tickets customers would prefer to buy.

    Choice E: Irrelevant. The only factor which the prompt tells us will drive fans behavior is perceived certainty about the match outcome. It is unclear whether reducing ticket prices can, indeed "increase sales".

    Choice C is correct.

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