HBRI HBRI - Hogan Business Reasoning Inventory Numerical Estimation and Approximation

Question 1

A company's revenue grew from $4.8 million to $6.3 million over two years. Which is the closest approximation of the percentage increase?

Accepted Answer

About 31%

Answer

The increase is $1.5M on a base of $4.8M, which is approximately 31.25%.

Question 2

A project team of 12 people completes a task in 8 days. Approximately how many days would it take a team of 9 people to complete the same task?

Accepted Answer

About 11 days

Answer

Total work = 12 × 8 = 96 person-days; 96 ÷ 9 ≈ 10.7, which rounds to about 11 days.

Question 3

If a company spends $2,340 monthly on software subscriptions and negotiates a 15% discount, what is the best estimate of the annual savings?

Accepted Answer

About $4,200

Answer

Monthly savings ≈ $351; annual savings ≈ $351 × 12 ≈ $4,212, closest to $4,200.

Question 4

Sales data shows 3,450 units sold in Q1, 4,210 in Q2, and 3,890 in Q3. Which is the closest estimate of average quarterly sales?

Accepted Answer

About 3,850 units

Answer

Sum = 11,550 ÷ 3 = 3,850 units per quarter on average.

Question 5

A manager estimates that 18% of 4,500 customer complaints require escalation. Which is the best approximation of the number of escalations?

Accepted Answer

About 810

Answer

18% of 4,500 = 0.18 × 4,500 = 810 escalations.

HBRI - Hogan Business Reasoning Inventory Practice Test