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?
2:6
3:4
3:5
4:4
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 2 of 2.

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.

Mrudula said:   1 decade ago
Easy method to do average without addition?

Vinod said:   1 decade ago
Thanks poonam explained in such a easy way.

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.
(2)

Navjodh said:   1 decade ago
Explain it clearly.

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

Bunthi said:   1 decade ago
Can any one explain this clearly.


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