BREAKING: Target Test Prep releases Brand New 2026 On Demand GMAT prep course

Redeem

What is the standard deviation of the values

This topic has expert replies
Post new topic Post Reply
Previous Topic Next Topic
Source: — Data Sufficiency |

GMAT/MBA Expert

User avatar
GMAT Instructor
Posts: 3008
Joined: Mon Aug 22, 2016 6:19 am
Location: Grand Central / New York
Thanked: 470 times
Followed by:34 members

by Jay@ManhattanReview » Thu Jan 18, 2018 11:35 pm
lheiannie07 wrote:What is the standard deviation of the values of the 20 coins in a certain jar ?

1. The average (arithmetic mean ) value of the coins in the jar is 25 cents.

2. All 20 coins in the jar have the same value.

How will i find the best statement?

OA B
Standard deviation (SD) is a measure of the spread or how far the values are w.r.t the mean. Closer the values are to the mean, less is the SD, and vice-versa.

1. The average (arithmetic mean ) value of the coins in the jar is 25 cents.

We do not know how many coins of different denominations are there in the jar. If all the coins are of 25 cents, SD = 0; however, even if two coins are not 25 cents, SD > 0. Insufficient.

2. All 20 coins in the jar have the same value.

Since all the 20 coins in the jar have the same value, their mean = value of each of the coin. Thus, there is no deviation at all. SD = 0. Sufficient.

The correct answer: B

Hope this helps!

-Jay
_________________
Manhattan Review GMAT Prep

Locations: New York | Singapore | Doha | Lausanne | and many more...

Schedule your free consultation with an experienced GMAT Prep Advisor! Click here.
Top

GMAT/MBA Expert

User avatar
GMAT Instructor
Posts: 16207
Joined: Mon Dec 08, 2008 6:26 pm
Location: Vancouver, BC
Thanked: 5254 times
Followed by:1268 members
GMAT Score:770

by Brent@GMATPrepNow » Fri Jan 19, 2018 8:00 am
lheiannie07 wrote:What is the standard deviation of the values of the 20 coins in a certain jar ?

1. The average (arithmetic mean ) value of the coins in the jar is 25 cents .

2. All 20 coins in the jar have the same value .
Target question: What is the standard deviation of the values of the 20 coins in a certain jar ?

Statement 1: The average (arithmetic mean ) value of the coins in the jar is 25 cents .
There are several cases that satisfy statement 1. Here are two:
Case a: All 20 coins are quarters (each is worth $0.25). This meets this condition that the average value is 25 cents. In this case, the standard deviation EQUALS 0
Case b: All 20 coins are NOT quarters. In this case, the standard deviation does NOT equal 0
Since we cannot answer the target question with certainty, statement 1 is NOT SUFFICIENT

Statement 2: All 20 coins in the jar have the same value
The means the standard deviation EQUALS 0
Since we can answer the target question with certainty, statement 2 is SUFFICIENT

Answer: B

Cheers,
Brent
Brent Hanneson - Creator of GMATPrepNow.com
Image
Top
Senior | Next Rank: 100 Posts
Posts: 31
Joined: Tue Dec 18, 2018 8:42 pm

by Krabhay » Tue Dec 18, 2018 9:16 pm
Standard deviation of a set of numbers is a non-negative quantity which equals (maximum number - minimum number) in the set.
Statement 1: We are given the mean of the set of numbers. We can't find the maximum and the minimum number from this information .Hence, Insufficient.
Statement 2: It is given that all 20 coins in the jar have the same value. This means the S.D = 0.
Hence, Sufficient.
Top
Senior | Next Rank: 100 Posts
Posts: 39
Joined: Sat Jan 12, 2019 1:08 am

by meenakshimiyer » Sat Jan 12, 2019 9:21 pm
Standard deviation of a set of numbers is a non-negative quantity which equals zero, if and only if all the values in the set are numerically equal.
Statement 1: We are given the mean of the set of numbers. We can't find the standard deviation from this information alone. Hence, Insufficient.
Statement 2: It is given that all 20 coins in the jar have the same value. This definitely implies thatstandard deviation equals zero. Hence, Sufficient.
Top
Post new topic Post Reply
• Page 1 of 1