The following charts show the responses of the population of the state of ABC over a four-year period to the question– “Is State ownership the best way to run an enterprise OR an enterprise is best run by private entrepreneurs?” The eligible voting population of ABC was 4.8 million in January 2003 and can be assumed to have grown by 20% each year during the period January 2002–January 2005. The entire eligible population voted in each of the four years and every person casted a vote in favour of only one of the five options shown each year.

The greatest absolute increase, between January 2002 and January 2005, in the number of people voting for an option was observed for ______.

Option 1 - <p>Definitely prefer private</p>
Option 2 - <p>Probably prefer state</p>
Option 3 - <p>Probably prefer private</p>
Option 4 - <p>Don’t know</p>
1 Views|Posted 8 months ago
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1 Answer
P
8 months ago
Correct Option - 2
Detailed Solution:

Assume that P1 and P2 are the percentage votings for an option in January 2002 and January 2005 respectively. Then, the greatest absolute increase in the number of people would be for the option for which (8.3P2 – 4.8P1) is the highest. This is the highest for the option 'probably prefer state'.

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