GMAT Exam Dumps : Graduate Management Admission Test (2022)

Last month Ann, Bob, Carl, Dave, and Ellen volunteered at a hospital. The number of hours that Carl volunteered was equal to the average (arithmetic mean) number of hours volunteered by the 5 people. If the number of hours that Carl volunteered was also equal to the total number of hours that Ann and Bob volunteered, then the total number of hours that Dave and Ellen volunteered was how many times the number of hours that Carl volunteered?

Sales promotions can involve selling a product at a relatively low price or selling the product with a free (or seemingly free) unit of the product, as in "buy one, get one free" campaigns. Research shows that immediately following month-long sales promotions, a postpromotion dip may occur, i.e., sales for the following calendar month may be less than sales for the calendar month preceding the sales promotion.

To increase sales, Storex, a department store, held month-long sales campaigns to promote four of its products. A sales promotion was considered successful if unit sales of the product were at least 10% higher in each of the 2 calendar months immediately following the promotion than In the month preceding it.

Experts have offered explanations for postpromotion dip:

• Explanation I: Many consumers stockpile the product at relatively low cost during the sales promotion.

• Explanation II: "Buy one, get one free" promotions cause some consumers to undervalue the product, making them less likely to buy it following the sales promotion.

• Explanation HI: Many consumers who missed a "buy one, get one free" opportunity may, as a result, develop so-called inaction inertia, i.e., become less likely to buy the product at either the regular or even at a discount price than if the sales promotion had not occurred.

Which one of the following is most strongly supported by the sales data, given the other Information provided?

The color red has been shown to induce greater aggression in people than the

color blue, Researchers conducted a study to determine whether such colorinduced aggression could influence the amount that consumers were willing to

pay for an identical product in online auction and online negotiation scenarios.

The researchers photographed a single item against each of four background

colors: blue, gray, white, and red. Using a computer, each participant in the study

viewed the item against exactly one of the four background colors. Half of the

participants were told the item was up for auction and were asked to submit their

highest bid for the item. The other half of the participants were told to negotiate

a price with the seller and were asked to offer the highest amount that they

would be willing to pay for the item.

The researchers expected that participants who viewed the red background

would typically behave more aggressively than those who viewed the blue

background. Among the auction group, the researchers hypothesized that more

aggressive participants would submit higher bids as they tried to beat other

potential bidders. Among the negotiation group, the researchers hypothesized

that more aggressive participants would make lower offers as they tried to

compete against the seller to get the best deal.

For each of the following statements about the researchers' study, select Yes if

that statement accurately reflects the information provided. Otherwise, select No.