# Data Interpretation - Bar Charts - Discussion

Discussion Forum : Bar Charts - Bar Chart 2 (Q.No. 1)

*Directions to Solve*

The bar graph given below shows the foreign exchange reserves of a country (in million US $) from 1991 - 1992 to 1998 - 1999.

Foreign Exchange Reserves Of a Country. (in million US $)

1.

The ratio of the number of years, in which the foreign exchange reserves are above the average reserves, to those in which the reserves are below the average reserves is?

Answer: Option

Explanation:

Average foreign exchange reserves over the given period = 3480 million US $.

The country had reserves above 3480 million US $ during the years 1992-93, 1996-97 and 1997-98, i.e., for 3 years and below 3480 million US $ during the years 1991-92, 1993-94, 1994-95, 1995-56 and 1998-99 i.e., for 5 years.

Hence, required ratio = 3 : 5.

Discussion:

17 comments Page 1 of 2.
Poonam said:
1 decade ago

Average foreign exchange reserves over the given period =

(2640+3720+2520+3360+3120+4320+5040+3120)/8= 3480 million US $.

The country had reserves above 3480 million US $ during the years 1992-93, 1996-97 and 1997-98, i.e., for 3 years and below 3480 million US $ during the years 1991-92, 1993-94, 1994-95, 1995-56 and 1998-99 i.e., for 5 years.

Hence, required ratio = 3 : 5.

(2640+3720+2520+3360+3120+4320+5040+3120)/8= 3480 million US $.

The country had reserves above 3480 million US $ during the years 1992-93, 1996-97 and 1997-98, i.e., for 3 years and below 3480 million US $ during the years 1991-92, 1993-94, 1994-95, 1995-56 and 1998-99 i.e., for 5 years.

Hence, required ratio = 3 : 5.

(3)

Bheemesh said:
1 decade ago

For this we are calculating average oa all the Foreign Exchange Reserves. then we are comparing the data that which is above and which is below.Clearly in the 1992-93, 1996-97 and 1997-98 years are above the Foreign Exchange Reserves and 1991-92, 1993-94, 1994-95, 1995-56 and 1998-99 are below.clearly the ratio is 3:5

Uamir said:
1 decade ago

The answer follows.

We have.

(2640+3720+2520+3360+3120+4320+5040+3120) /8=3480.

As per graph 3 country reserves are above ratio (ans is 3).

Now again 5 Country reserves are below average.

Then Ratio between Above avg: Below avg is. 3:5.

We have.

(2640+3720+2520+3360+3120+4320+5040+3120) /8=3480.

As per graph 3 country reserves are above ratio (ans is 3).

Now again 5 Country reserves are below average.

Then Ratio between Above avg: Below avg is. 3:5.

Rohini said:
4 years ago

Usually, we will find the average by adding all elements and divide by the number of elements, by doing so we got 3480.

Then, check-in table to below this average and above average you will get below in 5 years and above in 3 years.

Then, check-in table to below this average and above average you will get below in 5 years and above in 3 years.

(3)

Rinchen Kinley said:
8 years ago

To find the average we have to find the sum of all the data and then divide it by the number of data, but here we don't calculate the average like this. We just take the sum of all the data.

Can someone help me why it is so?

Can someone help me why it is so?

Uday said:
8 years ago

@Rinchen Kinley that's is the formula! for taking the average and that's what they did! the sum of all the data by a number of observations.

Kirti said:
8 years ago

Please tell how to visually look at the average?

Titus saylay sackie said:
6 years ago

Thanks for your perfect explanation @Poonam.

Vinod said:
1 decade ago

Thanks poonam explained in such a easy way.

Mrudula said:
1 decade ago

Easy method to do average without addition?

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