Instructions

Answer the questions with the given information and the graph.
The analyst at a retail giant has modelled the consumer spending and consumer sentiment to prepare a strategy on product offers in the upcoming festive season. The data given in the figure are from last 10 years on 3 parameters namely, food spending (Food_Spend), style spending (Style_Spend), and sentiment index (Sentiment_Index). Study the figure below and answer the following questions :

Question 63

In which year, ratio of percentage annual change in Style_Spend to percentage annual change in Sentiment_Index is highest ?

Solution

Share

2015 = (450-300)/300 = 0.5

2014 = (650-300)/650 =0.54

2013 = (620-350)/350 = 0.77

2011 Style spend = (350-300)/350= 0.14
2011 sentiment index = 140/250 = 0.56
2011 ratio = 1/4.

2012 Style spend = 50/300 = 1/6
2012 sentiment index = 140/390 
Ratio 2012 = 0.06

2014 Style spend = (650-300)/650 =0.54
2014 sentiment index =360/750=0.48
Ratio = 1.1

2017 style spend = 100/450
2017 sentiment Index = 160/550
Ratio = 0.75

Option C is the correct answer.

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