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High School

by heshamelaziry » Wed Oct 21, 2009 2:15 pm
According to a recent study on financial roles, one-third of high school seniors say that they have "significant financial responsibilities." These responsibilities include, but are not limited to, contributing to food, shelter, or clothing for themselves or their families. At the same time, a second study demonstrates that a crisis in money management exists for high school students. According to this study, 80% of high school seniors have never taken a personal finance class even though the same percentage of seniors has opened bank accounts and one-third of these account holders has bounced a check.

Which of the following conclusions can be properly drawn from the statements above?

High schools would be wise to incorporate personal finance classes into their core curricula.

At least one-third of high school seniors work part-time jobs after school.

The number of high school seniors with significant financial responsibilities is greater than the number of seniors who have bounced a check.

Any high school seniors who contribute to food, shelter, or clothing for themselves or their families have significant financial responsibilities.

The majority of high school students have no financial responsibilities to their families.

OA C I have a est in 4 days., and this is really annoying
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by youngdanf » Wed Oct 21, 2009 5:36 pm
I was just reviewing a test today and I had got this wrong as well. The temptation for me was there were a few choices that seemed like great conclusions to me. Then again, I like to jump to conclusions. :D
The answer, however, is the one that was an absolute fact, not just a good idea based off the evidence.
80% of the students have significant financial responsibilities.
80% have checking accounts, of which, 1/3 of them have bounced a check.
So, "The number of high school seniors with significant financial responsibilities is greater than the number of seniors who have bounced a check" is a concrete fact. The other choices? They might be good ideas and arguably correct as well, but C is a fact, and therefore the best answer.
And by the way, good luck on your test.
fortitudine vincimus - by endurance we conquer.
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by heshamelaziry » Wed Oct 21, 2009 5:49 pm
youngdanf wrote:I was just reviewing a test today and I had got this wrong as well. The temptation for me was there were a few choices that seemed like great conclusions to me. Then again, I like to jump to conclusions. :D
The answer, however, is the one that was an absolute fact, not just a good idea based off the evidence.
80% of the students have significant financial responsibilities.
80% have checking accounts, of which, 1/3 of them have bounced a check.
So, "The number of high school seniors with significant financial responsibilities is greater than the number of seniors who have bounced a check" is a concrete fact. The other choices? They might be good ideas and arguably correct as well, but C is a fact, and therefore the best answer.
And by the way, good luck on your test.
Thanks. I feel nervous because I have few problems here and there.

Just with so little time on the test, I go with rules to eliminate. The rule is that we shouldn't relate numbers to % and proportions.
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