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IPMAT 2019 Question Paper IPM Indore Quantitative Ability. Solve questions from IPMAT 2019 Question Paper from IPM Indore and check the solutions to get adequate practice. The best way to ace IPMAT is by solving IPMAT Question Paper. To solve other IPMAT Sample papers, go here: IPM Sample Paper

Analyze the given data for exports and imports of rubber in Rs. crores from 2016 to 2017 and answer the questions based on the analysis.
IPM Indore Quants : Exports

Question 56 : Average annual exports for the given period 2006-2017) was approximately

  1. Rs.230 Cr
  2. Rs.220 Cr
  3. Rs.210 Cr
  4. Rs.190 Cr

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Explanatory Answer

Average annual Exports = (Sum of Exports)/(Number of years)
= (280+280+230+210+200+220+210+200+200+200+220+200)/12
=(2650)/12 = 220.833

Therefore, Average annual Exports = 220 (approx.)


Tip: When bigger numbers are involved, imagine a number as average and account for variation, For Instance, let’s assume the average to be 210.
Variance = 70+70+20+0-10+10+0-10-10-10+10-10 = 130; Which means the average variance = 130/12 = 10.833. So the actual average becomes, Assumed Average + Average Variance = 210+10.833 = 220.833 = 220(approx.).

The question is "Average annual exports for the given period 2006-2017) was approximately"

Hence, the answer is Rs.220 Cr

Choice B is the correct answer

 

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