A management institute was established on January 1, 2000 with 3, 4, 5, and 6 faculty members in the Marketing, Organisational Behaviour (OB), Finance, and Operations Management (OM) areas respectively, to start with. No faculty member retired or joined the institute in the first three months of the year 2000. In the next four years, the institute recruited one faculty member in each of the four areas. All these new faculty members, who joined the institute subsequently over the years, were 25 years old at the time of their joining the institute. All of them joined the institute on April a) During these four years, one of the faculty members retired at the age of 60. The following diagram gives the area-wise average age (in terms of number of completed years) of faculty members as on April 1 of 2000, 2001, 2002, and 2003.

Question 31

From which area did the faculty member retire?


We know that average of the particular area would increase by 1 each year if there is no change in any member of the group.

So, now in marketing, ob and om, we can see increase in average by 1 in 3 successive years.

But in Finance we see that average decreases 2 times, once when a new teacher is recruited and other time when the 60 year old retires.

Hence option A. 

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