Time Left - 15:00 mins
Decision Making Practice Test for XAT 2017
Attempt now to get your rank among 455 students!
Question 1
Read the following case – let and answer the question that follow
Krishna Reddy was the head of a pharma ceutical company that was trying to develop a new product. Reddy, along with his friend Prabhakar Rao, assessed that such products had mixed success. Reddy and Rao realized that if a new product (a drug) was a success, it may result in sales of 100 crores but if it is unsuccessful, the sales may be only 20 crores. They further assessed that a new drug was likely to be successful 50% of times. Cost of launching the new drug was likely to be 50 crores.
Now, Reddy and Rao were in a quandary whether the company should go ahead and market the drug. They contacted Raj Adduri, a common friend for advice. Adduri was of the opinion that given the risky nature of launch, it may be a better idea to test the market. Rao and Reddy realized test marketing would cost 10crores. Adduri told them the previous test market ingresults have been favorable 70% of times and success rate of products favorably tested was 80%.Further,when test marketing results were unfavorable; the products have been successful 30% of the times.
Krishna Reddy was the head of a pharma ceutical company that was trying to develop a new product. Reddy, along with his friend Prabhakar Rao, assessed that such products had mixed success. Reddy and Rao realized that if a new product (a drug) was a success, it may result in sales of 100 crores but if it is unsuccessful, the sales may be only 20 crores. They further assessed that a new drug was likely to be successful 50% of times. Cost of launching the new drug was likely to be 50 crores.
Now, Reddy and Rao were in a quandary whether the company should go ahead and market the drug. They contacted Raj Adduri, a common friend for advice. Adduri was of the opinion that given the risky nature of launch, it may be a better idea to test the market. Rao and Reddy realized test marketing would cost 10crores. Adduri told them the previous test market ingresults have been favorable 70% of times and success rate of products favorably tested was 80%.Further,when test marketing results were unfavorable; the products have been successful 30% of the times.
How much profit can the company expect to earn if it launches the new drug(suppose there are no additional costs)?
Question 2
Read the following case – let and answer the question that follow
Krishna Reddy was the head of a pharma ceutical company that was trying to develop a new product. Reddy, along with his friend Prabhakar Rao, assessed that such products had mixed success. Reddy and Rao realized that if a new product (a drug) was a success, it may result in sales of 100 crores but if it is unsuccessful, the sales may be only 20 crores. They further assessed that a new drug was likely to be successful 50% of times. Cost of launching the new drug was likely to be 50 crores.
Now, Reddy and Rao were in a quandary whether the company should go ahead and market the drug. They contacted Raj Adduri, a common friend for advice. Adduri was of the opinion that given the risky nature of launch, it may be a better idea to test the market. Rao and Reddy realized test marketing would cost 10crores. Adduri told them the previous test market ingresults have been favorable 70% of times and success rate of products favorably tested was 80%.Further,when test marketing results were unfavorable; the products have been successful 30% of the times.
Krishna Reddy was the head of a pharma ceutical company that was trying to develop a new product. Reddy, along with his friend Prabhakar Rao, assessed that such products had mixed success. Reddy and Rao realized that if a new product (a drug) was a success, it may result in sales of 100 crores but if it is unsuccessful, the sales may be only 20 crores. They further assessed that a new drug was likely to be successful 50% of times. Cost of launching the new drug was likely to be 50 crores.
Now, Reddy and Rao were in a quandary whether the company should go ahead and market the drug. They contacted Raj Adduri, a common friend for advice. Adduri was of the opinion that given the risky nature of launch, it may be a better idea to test the market. Rao and Reddy realized test marketing would cost 10crores. Adduri told them the previous test market ingresults have been favorable 70% of times and success rate of products favorably tested was 80%.Further,when test marketing results were unfavorable; the products have been successful 30% of the times.
How much profit can the company expect tomake if the product is launched after favorabletest marketing results.(assume there are noadditional costs)?
Question 3
Read the following case – let and answer the question that follow
Krishna Reddy was the head of a pharma ceutical company that was trying to develop a new product. Reddy, along with his friend Prabhakar Rao, assessed that such products had mixed success. Reddy and Rao realized that if a new product (a drug) was a success, it may result in sales of 100 crores but if it is unsuccessful, the sales may be only 20 crores. They further assessed that a new drug was likely to be successful 50% of times. Cost of launching the new drug was likely to be 50 crores.
Now, Reddy and Rao were in a quandary whether the company should go ahead and market the drug. They contacted Raj Adduri, a common friend for advice. Adduri was of the opinion that given the risky nature of launch, it may be a better idea to test the market. Rao and Reddy realized test marketing would cost 10crores. Adduri told them the previous test market ingresults have been favorable 70% of times and success rate of products favorably tested was 80%.Further,when test marketing results were unfavorable; the products have been successful 30% of the times.
Krishna Reddy was the head of a pharma ceutical company that was trying to develop a new product. Reddy, along with his friend Prabhakar Rao, assessed that such products had mixed success. Reddy and Rao realized that if a new product (a drug) was a success, it may result in sales of 100 crores but if it is unsuccessful, the sales may be only 20 crores. They further assessed that a new drug was likely to be successful 50% of times. Cost of launching the new drug was likely to be 50 crores.
Now, Reddy and Rao were in a quandary whether the company should go ahead and market the drug. They contacted Raj Adduri, a common friend for advice. Adduri was of the opinion that given the risky nature of launch, it may be a better idea to test the market. Rao and Reddy realized test marketing would cost 10crores. Adduri told them the previous test market ingresults have been favorable 70% of times and success rate of products favorably tested was 80%.Further,when test marketing results were unfavorable; the products have been successful 30% of the times.
What is the probability of product failure if Reddyand Rao decides to test market it?
Question 4
Read the following case – let and answer the question that follow
Krishna Reddy was the head of a pharma ceutical company that was trying to develop a new product. Reddy, along with his friend Prabhakar Rao, assessed that such products had mixed success. Reddy and Rao realized that if a new product (a drug) was a success, it may result in sales of 100 crores but if it is unsuccessful, the sales may be only 20 crores. They further assessed that a new drug was likely to be successful 50% of times. Cost of launching the new drug was likely to be 50 crores.
Now, Reddy and Rao were in a quandary whether the company should go ahead and market the drug. They contacted Raj Adduri, a common friend for advice. Adduri was of the opinion that given the risky nature of launch, it may be a better idea to test the market. Rao and Reddy realized test marketing would cost 10crores. Adduri told them the previous test market ingresults have been favorable 70% of times and success rate of products favorably tested was 80%.Further,when test marketing results were unfavorable; the products have been successful 30% of the times.
Krishna Reddy was the head of a pharma ceutical company that was trying to develop a new product. Reddy, along with his friend Prabhakar Rao, assessed that such products had mixed success. Reddy and Rao realized that if a new product (a drug) was a success, it may result in sales of 100 crores but if it is unsuccessful, the sales may be only 20 crores. They further assessed that a new drug was likely to be successful 50% of times. Cost of launching the new drug was likely to be 50 crores.
Now, Reddy and Rao were in a quandary whether the company should go ahead and market the drug. They contacted Raj Adduri, a common friend for advice. Adduri was of the opinion that given the risky nature of launch, it may be a better idea to test the market. Rao and Reddy realized test marketing would cost 10crores. Adduri told them the previous test market ingresults have been favorable 70% of times and success rate of products favorably tested was 80%.Further,when test marketing results were unfavorable; the products have been successful 30% of the times.
If Rao and Reddy decides to launch the productdespite unfavourable test marketing, how muchprofit can the company expect to earn?
Question 5
The main issues of interpretation arising from the work of professionally trained anthropologists are that they are late in colonial/post – colonial trajectories, because professional training shapes their interpretations. However, within field of interest and training, their works are most thorough and systematic
The best conclusion drawn from the above paragraph is analogous to:
The best conclusion drawn from the above paragraph is analogous to:
Question 6
Consider merit pay for teachers. Schools face constant pressure to change their management approaches to improve performance, which is usually assessed by standardized reading, math, and science scores. In most school teacher’s payis determined by seniority, years of total teaching experience, and credentials. Pay is rarely based on performance, which is contrary to the belief among parents and private sector. Parents and business leaders lament that there are no carrots/sticks used to motivate teachers. Consequently, there has been greater push to implement some form of merit pay to improve the motivation
Which of the following statements will disapprove the claim of the parents and business leaders?
Which of the following statements will disapprove the claim of the parents and business leaders?
Question 7
Read the following newspaper report:
In a new study by Harvard School of Public Health (HSPH), researchers explored how caffeine can serve as a “mild anti – depressant”. They concluded that “drinking several cups of coffee daily appears to reduce the risk of suicide”. Data pulled in from three large studies in the USs howed that the suicide risk of those who drank two to four cups of caffeinated coffee a day was about half of those who drank decaffeinated coffee or very little or no coffee. In the studies, are spondent’ s caffeine consumption was assessed every four years through a questionnaire. There spondents were all adults, and the study was published online. The authors, however, cautioned the public from increasing coffee intake as it could result in “unpleasant side effects”. “Overall, our results suggest that there is little further benefit for consumption above two to three cups/day or 400 mg of caffeine/day,” wrote the researchers. The authors observed that there` was no major difference in suicide risk for adults who drank two to three cups a day from those who drank four cups or more.
Which of the following shaped graph would best capture the above paragraph(x – axis represents“ coffee intake” and “Y – axis represents “suicide altendency”)?
In a new study by Harvard School of Public Health (HSPH), researchers explored how caffeine can serve as a “mild anti – depressant”. They concluded that “drinking several cups of coffee daily appears to reduce the risk of suicide”. Data pulled in from three large studies in the USs howed that the suicide risk of those who drank two to four cups of caffeinated coffee a day was about half of those who drank decaffeinated coffee or very little or no coffee. In the studies, are spondent’ s caffeine consumption was assessed every four years through a questionnaire. There spondents were all adults, and the study was published online. The authors, however, cautioned the public from increasing coffee intake as it could result in “unpleasant side effects”. “Overall, our results suggest that there is little further benefit for consumption above two to three cups/day or 400 mg of caffeine/day,” wrote the researchers. The authors observed that there` was no major difference in suicide risk for adults who drank two to three cups a day from those who drank four cups or more.
Which of the following shaped graph would best capture the above paragraph(x – axis represents“ coffee intake” and “Y – axis represents “suicide altendency”)?
Question 8
A group of nine runners will finish the 400meters race in a certain order. The runners are: Ashok, Benjamin, Chetan, Divya, Eshant, Girish,Himani, and Irravaty. They all finish at different times, and their finishing order is as follow:
∗ Faneesh finishes before Ashok
* Divya finishes before Benjamin and Eshant
* Irravaty finishes after Chetan
* Girish finishes after Ashok
Which is the best position Girish can finish?
∗ Faneesh finishes before Ashok
* Divya finishes before Benjamin and Eshant
* Irravaty finishes after Chetan
* Girish finishes after Ashok
Which is the best position Girish can finish?
- 455 attempts
- 7 upvotes
- 6 comments
Tags :
CAT & MBADecision MakingDec 29CAT & MBA
