GMAT Reading Comprehension and Data Insights Challenge Practice Questions - Business and Analytical Skills

Question 1

A company's revenue grew from $200M to $260M over 3 years. If the growth was compound annual, what was the approximate yearly growth rate?

Accepted Answer

B) 9%

Answer

A) 8%

Answer

C) 10%

Answer

D) 11%

Question 2

If Product A accounts for 40% of total sales and its sales increase by 15%, while all other products' sales remain constant, what will be the new percentage of total sales from Product A?

Accepted Answer

D) 46%

Answer

A) 43%

Answer

B) 44%

Answer

C) 45%

Question 3

In analyzing customer data, you find a correlation coefficient of -0.65 between price increases and sales volume. This suggests:

Accepted Answer

A) Price increases strongly correlate with decreased sales

Answer

B) Price increases weakly correlate with increased sales

Answer

C) Price has no meaningful relationship with sales

Answer

D) The data is insufficient to draw conclusions

Question 4

A survey of 500 customers found that 60% prefer email communication, while the remainder prefer phone. If the margin of error is ±4%, what is the 95% confidence interval for phone preference?

Accepted Answer

A) 36%-44%

Answer

B) 38%-42%

Answer

C) 40%-44%

Answer

D) 36%-40%