TESTfunda - CAT Question of the Day 03-Oct-12

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Testfunda
03-Oct-12
CAT Question of the Day
Answer the question based on the passage given below.

Adults outnumber juveniles in most populations, but gauging the ratios is difficult because juveniles are harder to catch; with current sampling methods, estimates of age distribution vary widely. Annual survival rate of painted turtles increases with age. The probability of a painted turtle surviving from the egg to its first birthday is only 19%. For females, the annual survival rate rises to 45% for juveniles and 95% for adults. The male survival rates follow a similar pattern, but are lower overall than females, creating an average male age lower than that of the female. Natural disasters can confound age distributions. For instance, a hurricane can destroy many nests in a region, resulting in fewer hatchlings the next year. Age distributions may also be skewed by migrations of adults.

Why do more female painted turtles have a higher average age?
OPTIONS
 
 1)Because young turtles are harder to catch, it is difficult to determine how many males and females have survived.
 2)Because female juvenile painted turtles have a 19% survival rate.
 3)Because natural disasters don't strike female painted turtles.
 4)Because male survival rates are lower.
 5)Because adult females migrate to other areas of the sea.
Tip of the Day
When looking at a section, do not pre-decide what types of questions, or how many, you will attempt. For example, the CAT 2008 paper had quite a few easy Reading Comprehension questions that should not have been missed.
Last year's Question of the day (02-Oct-11)
Read the sentences and choose the option that best arranges them in a logical order.
  1. Option valuation models keep advancing toward greater versatility and realism, by introducing more-flexible stochastic processes and more-complex payoff structures.
  2. Several different numerical solution techniques are used, including direct integration with an approach such as Gaussian quadrature, the Fast Fourier Transform (FFT), or fractional FFT.
  3. One of the key mathematical tools for solving more-complicated models is the use of characteristic functions and related transform methods.
  4. Allowing stochastically time-varying volatility and jumps in the returns process, the volatility process, or both greatly broadens the range of asset price behavior that can be incorporated in the pricing model.
  5. But these tools require computing integrals in the complex domain, which is complicated and has some potential pitfalls.

OPTIONS
 
 1)ADCEB
 2)ABCDE
 3)CADEB
 4)CDAEB
 5)BAEDC
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