The question is from CAT Set theory. It is about Venn Diagrams. We just need to draw the diagram without any mistakes. CAT exam is known to test on basics rather than high funda ideas. CAT also tests multiple ideas in the same question, and 2IIMs CAT question bank provides you with CAT questions that can help you gear for CAT Exam CAT 2019. Set Theory (especially constructing venn diagrams) is a frequently tested topic. Make sure you know the basics from this chapter.
Question 7: 95% of the students in a class have taken Marketing, 80% have chosen Finance, 84% have chosen operations (ops), and 90% have chosen Human Resources (HR). What is the maximum and minimum percentage of people who have chosen all of the four?
Finding the maximum percentage is easy. If F ⊂ O ⊂ H ⊂ M , then the percentage of people who have taken all 4 should be 80% and this is the maximum value it can take.
For the value to be minimum, the numbers should be as far ‘apart´ as possible. Let us do this iteratively. First, let us take Marketing and Finance, and see if we can find the minimum percentage of students who should have taken both.
When M and F, are as far ‘apart´ as possible, M ∩ F would be minimum. And the minimum value would be 80% + 95% – 100% = 75%.
Now, let us start with this M ∪ F and add Ops to the mix.
Now, the minimum value of M ∩ F ∩ O would be when these are as far ‘apart’ as possible. And the minimum value would be 75% + 84% – 100% = 59%.
Adding HR also to the mix, we get -
The minimum possible value of M ∩ F ∩ O ∩ H = 59% + 90% – 100% = 49%.
As a formula, the minimum value is 100% – (100% – 95%) – (100% – 80%) – (100% – 84%) – (100% – 90%).
= 100% – 5% – 20% – 16% – 10% = 100% – 51% = 49%.
Again, do not go with just the formula. See the trial and error iteration. The trial and error iteration is far more useful than knowing the formula for a template.
The question is "What is the maximum and minimum percentage of people who have chosen all of the four?"
Choice C is the correct answer.
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