Read the following information and graph and answer the questions that follow.
An international Organisation produces a Competitive Index of countries every two years based on eight factors (Institutions, Infrastructure, Macroeconomic Environment, Higher Education, Market Efficiency, Technological Readiness, Business Sophistication and Innovation). The last three indices were developed in 2010, 2012 and 2014. The scores for all eight factors of XYZ country are shown in the graph below:
Which of the following factors has the highest average score across indices of 2010, 2012 and 2014?
For InfrastructureÂ
Average of the indices = 4+4+5.25/3=13.25/3
=4.4167
For Institutions
Average of the indices =4.25+4.75+4.5/3=13.5/3
=4.5
For Technological readiness
Average of the indices =3.5+3.75+5.5/3=12.75/3
=4.25
For Market Efficiency
Average of the indices =4.25+4.5+4.25/3=13/3
=4.33
The average of the index is highest for Institutions.
Hence B is the correct answer.
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