GMAC GMAC Data Insights 2

Question 1

In a GMAC graphics interpretation question, a pie chart shows that 35% of costs are labor. If total costs are $200,000, how much is spent on labor?

Accepted Answer

$70,000

Answer

35% of $200,000 = 0.35 × $200,000 = $70,000.

Question 2

A two-part analysis asks you to determine if a dataset's median is less than its mean. Given values 2, 3, 3, 4, 18, what is the median?

Accepted Answer

3

Answer

When the five values are sorted (2,3,3,4,18), the middle (third) value is 3, which is the median.

Question 3

A GMAC Data Insights question shows a bar chart where sales increased by 10% each year for 3 years starting at $100K. What are sales in year 3?

Accepted Answer

$133,100

Answer

Year 1: $110K, Year 2: $121K, Year 3: $133,100 after compounding 10% annually three times.

Question 4

In a table analysis, you sort by 'profit margin' descending. Company X has revenue $500K and costs $425K. What is its profit margin?

Accepted Answer

15%

Answer

Profit = $500K − $425K = $75K; margin = $75K/$500K = 15%.

Question 5

A multi-source reasoning passage states a project is 60% complete after 9 months. At this rate, how many total months will the project take?

Accepted Answer

15 months

Answer

If 60% takes 9 months, then 100% takes 9/0.60 = 15 months.

GMAC - Graduate Management Admission Council Practice Test