The Advanced Numeracy Test Workbook - Mike Bryon [30]
D The increase in jobs had minimal impact on unemployment
Answer
Q15. What is the new total number of jobs in the region where the job total increased by 12% of the total increase in jobs?
A 1,470,000
B 2,370,000
C 1,833,000
D 2,160,000
Answer
Data set 4
APS
Average propensity to save (APS) is a measure of a population’s attitude towards saving money. In many instances APS is determined by culture. Some communities, for example in the Far East, place considerable importance on saving while others – examples include developed Western nations – do not. These cultural differences are reflected in wide differences in the APS of populations. Take for example, the population of the Punjab (population 5 in the table below) their APS is 0.7 and is among the highest in the world.
Population
Average saving $
Average income $
1
1,400
8,400
2
160
1,920
3
7,950
31,800
4
15,000
13,500
5
6,000
4,200
6
1,700
18,700
Q16. What is the APS for population 1 and is its propensity to save higher or lower than population 3? Select two letters from the suggested answers as the answer you believe correct. Select F if you do not believe the question can be answered on the information given.
A 6
B 7
C 1.66
D Higher
E Lower
F Cannot tell
Answer
Q17. Which population would you estimate to place the least emphasis on the need to save?
A 6
B 3
C 2
D Cannot tell
Answer
Q18. Which of the suggested answers is the best estimation of the APS for populations 1, 2 and 5?
A 1.7
B 1.8
C 1.9
D 2.0
Answer
Q19. If the average savings for population 6 were to increase by $2,040 while income remained the same, by how much would the APS improve or worsen? (Indicate two letters from the suggested answers that you believe correct.)
A 6
B 5
C 4
D Improve
E Worsen
Answer
Q20. By how much would saving increase for population 3 if average income for that population was to increase to 39,750 while the APS remained the same?
A $9,937.5
B $1,987
C $1,987.5
D $7,950
Answer
Data set 5
Mary’s Gums
Mary’s Gums is a company that sells confectionery in the UK and Irish Republic. The managerial team’s revenue targets are presented in the tables. Analyse them to answer the questions that follow.
Revenue 2006 ($000,000)
Fruit Salad
1.2
Sour Cola
0.7
Cool Mints
2.4
Hard Gums
1.3
Soft Fruit
1.8
$ revenue growth targets for 2007
Fruit Salad
24,000
Sour Cola
5,250
Cool Mints
72,000
Hard Gums
6,500
Soft Fruit
27,000
% annual revenue growth target for 2008
Fruit Salad
3
Sour Cola
1
Cool Mints
4
Hard Gums
2.5
Soft Fruit
2
Q21. What will be the revenue generated from Cool Mints in 2007 if the target is missed by 15%?
A $24, 010,800
B $2,420,200
C $2,441,800
D $2,461,200
Answer
Q22. If all targets are realized what is the total revenue for the year 2007?
A $7,534,750
B $7,453,475
C $7,413,475
D $7,134,750
Answer
Q23. How much less is the percentage annual revenue growth target for Hard Gums in 2007 than 2008?
A 0.5%
B 2%
C Double
D $3,250
Answer
Q24. What is the revenue growth target for Sour Cola and Soft Fruit as a percentage of the 2006 revenue?
A 1.29%
B 1.79%
C 2.29%
D 2.79%
Answer
Q25. Which of the following sources are likely to be of most help in estimating the potential market for Mary’s Gums’ products?
1 A report on the demography of the UK and Ireland
2 The annual accounts of Mary’s Gums’ rival confectioner
3 A trend survey on the spending habits of customers in the UK and Ireland’s leading supermarket
4 A social economic profile of eaters of confectionery
5 A breakdown of sales by type of retail outlet in the UK and Ireland
A 4 and 3
B 5 and 2
C 3 and 1
D 1 and 4
Answer
Q26. By how much will the 2008 revenue for Sour Cola be below its target revenue for the three years, if the Sour Cola target for 2007 is missed by 2/3 but the 2008 target is realized?
A $3,500
B $7,035
C $7,000
D $3,535
Answer
Q27. Which one of the following four suggested