Knewton HW

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mundasingh123: Legendary Member; Posts: 2330; Joined: Fri Jan 15, 2010 5:14 amFollowed by: 26 members; Thanked: 56 times

by mundasingh123 » Sun May 15, 2011 12:51 am

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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Source: Beat The GMAT — Critical Reasoning | Sun May 15, 2011 12:51 am

HSPA: Legendary Member; Posts: 1101; Joined: Fri Jan 28, 2011 7:26 amFollowed by: 13 members; Thanked: 47 times; GMAT Score:640

by HSPA » Sun May 15, 2011 1:24 am

A > E > C

Looks more a inference question

First take: 640 (50M, 27V) - RC needs 300% improvement
Second take: coming soon..
Regards,
HSPA.

mundasingh123: Legendary Member; Posts: 2330; Joined: Fri Jan 15, 2010 5:14 amFollowed by: 26 members; Thanked: 56 times

by mundasingh123 » Sun May 15, 2011 2:34 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

I Seek Explanations Not Answers

HSPA: Legendary Member; Posts: 1101; Joined: Fri Jan 28, 2011 7:26 amFollowed by: 13 members; Thanked: 47 times; GMAT Score:640

by HSPA » Sun May 15, 2011 2:43 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

If it is D or B please give me OE

First take: 640 (50M, 27V) - RC needs 300% improvement
Second take: coming soon..
Regards,
HSPA.

mundasingh123: Legendary Member; Posts: 2330; Joined: Fri Jan 15, 2010 5:14 amFollowed by: 26 members; Thanked: 56 times

by mundasingh123 » Sun May 15, 2011 3:43 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
If it is D or B please give me OE

No OE Yet This is HW

I Seek Explanations Not Answers

Anahatha: Senior | Next Rank: 100 Posts; Posts: 45; Joined: Sat Aug 07, 2010 9:15 am

by Anahatha » Sun May 15, 2011 5:44 am

I feel it is an Inference question . Answer : C

mk101: Senior | Next Rank: 100 Posts; Posts: 58; Joined: Fri Oct 22, 2010 1:05 am; Location: Bhopal; Thanked: 1 times; GMAT Score:710

by mk101 » Sun May 15, 2011 8:02 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: Legendary Member; Posts: 2330; Joined: Fri Jan 15, 2010 5:14 amFollowed by: 26 members; Thanked: 56 times

by mundasingh123 » Sun May 15, 2011 9:17 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: Legendary Member; Posts: 1665; Joined: Thu Nov 03, 2011 7:04 pmFollowed by: 70 members; Thanked: 165 times

by karthikpandian19 » Sat Jun 30, 2012 3:21 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.

Regards,
Karthik
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