GI Practice Questions

6 Total Questions Data Insights

Master GMAT GI with comprehensive practice questions. Build your data insights skills through detailed explanations and strategic practice.

Key Skills

  • Problem Solving
  • Analytical Thinking
  • Mathematical Reasoning
  • Strategic Analysis

Study Tips

  • Focus on understanding GI concepts fundamentally
  • Practice with timer to improve speed and accuracy
  • Review explanations thoroughly to learn solution methods
  • Identify common patterns and shortcuts for this topic

Free Preview: Try 3 questions below. Sign up free to access all 6 questions.

Question 1 of 5 Medium
The graph shows the change in Variable Cost for 15 branches of a regional department store chain, in thousands of dollars, over two adjoining periods of time. From each drop-down menu, select the option that creates the most accurate statement based on the information provided. Of the branches that saw an increase in costs during the period from 7/2/2011 to 12/31/2011, the branch with the median change in cost during the period from 1/1/2011 to 7/2/2011 had approximately a of the branches showed a net decrease in costs for the entire period 1/1/2011 to 12/31/2011.
A
5%
B
26%
C
47%
D
80%
View Explanation

Correct Answer: C

To find branches with a net decrease in costs it will help to understand what is represented by each quadrant. Quadrant I: these branches had an increase over both periods (3 branches) Quadrant II: these branches had a decrease during the first period but an increase during the second (6 branches) Quadrant III: these branches had a decrease during both periods (1 branch) Quadrant IV: these branches had an increase during the first period but a decrease during the second (5 branches) None of the branches that have an increase during both periods will have a net overall decrease, so we can ignore the branches in Quadrant I (3 branches). All branches that have a decrease during both periods will have a net overall decrease, so we count all branched in Quadrant III (1 branch). Now we must look at the more complicated situations – an increase in one period but a decrease in the other. To get a net overall decrease, we need a larger dollar decrease than increase. For Quadrant II (decrease in first period but increase in second), we need the X-coordinate (period 1) to be larger than the Y-coordinate (period). This appears to be the case for 3 points: (-7, 5.5), (-15.5, 5.5), and (-16, 0.5). Finally, for Quadrant IV (decrease in the second period but increase in the first), we need the Ycoordinate (period 2) to have larger magnitude than the X-coordinate (period 1). This appears to be the case for 3 points (2.5, -4.5), (0.5, -7.5), and (11, -17). For all these points, the decrease outweighs the increase. So in total, we have 1+3+3=7 branches out of the 15, a number slightly less than ½ or 50%. Plug it into the calculator to get 7/15 = 0.4667 = 47%. As an alternative, you could find all the points satisfying the expression x+y<0, or y<-x. Mentally sketch the downward-sloping line y=-x, which runs through the origin. What points fall below the line? You'll find 7 points there. From here, the final calculation is the same.
Question 3 of 5 Medium
The difference in the number of cellular telephone subscriptions between the United States and Italy in 2008 was approximately percent increase in the number of cellular telephone subscribers.
A
100%
B
300%
C
500%
D
700%
E
900%

Unlock 1+ More Questions

Sign up free to access the full question bank

Sign Up Free
Question 5 of 5 Medium
The bar graph represents the percentage of the US population, by age, that had health insurance in 1999 and 2008. The total US population in 1999 (in thousands) was 276,804; in 2008, the total U.S. population (in thousands) was 301,483. Assuming independent probabilities in each year, the probability that a U.S. citizen who was 30 in 1999 had health insurance both in 1999 and in 2008 is between