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Stay ahead with 100% Free Graduate Management Admission Test (GMAT) - Section - Data Insights GMAT-Data-Insights Dumps Practice Questions
In a control chart analyzing production defects, if 8 consecutive points fall on one side of the mean line, what does this indicate in quality control terms? (difficulty: medium)
When analyzing a box plot in GMAT data interpretation, if the lower quartile is 20, median is 25, and upper quartile is 40, what does this tell us about the data's distribution? (difficulty: hard)
In funnel analysis for an e-commerce website, if the conversion rate from cart to purchase is 25% and 1000 users add items to cart, how many purchases would be expected? (difficulty: easy)
A retail company improved its inventory turnover from 4 to 6 times per year while maintaining the same sales level. What does this indicate about inventory management efficiency? (difficulty: medium)
If demand for a product is unit elastic and price increases by 15%, what happens to total revenue? (difficulty: hard)
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