PT152.S4.Q22 > Analytics

SECTION 1 · lr

Question 1 Question 2 Question 3 Question 4 Question 5 Question 6 Question 7 Question 8 Question 9 Question 10 Question 11 Question 12 Question 13 Question 14 Question 15 Question 16 Question 17 Question 18 Question 19 Question 20 Question 21 Question 22 Question 23 Question 24 Question 25

SECTION 2 · lr

SECTION 3 · rc

PASSAGE 1

Question 1 Question 2 Question 3 Question 4 Question 5 Question 6

PASSAGE 2

Question 7 Question 8 Question 9 Question 10 Question 11 Question 12 Question 13

PASSAGE 3

Question 14 Question 15 Question 16 Question 17 Question 18 Question 19

PASSAGE 4

Question 20 Question 21 Question 22 Question 23 Question 24 Question 25 Question 26

SECTION 4 · lr

The author concludes that cash gifts of gift cards are more highly valued by recipients than are gifts chosen for them by others. This is based on a study in which people were asked how much they would have been willing to pay for gifts chosen for them by others. People responded with amounts that were, on average, two-thirds the actual price of the gifts.

The author assumes that the amount people state for how much they would have been willing to pay for a gift is an accurate measure of how much they value the gift.

The increasing return rate has no clear impact on how much people value gifts chosen by others. If (A) does anything, it might support the idea that people prefer the cash equivalent of a gift over the gift.

How often people give gifts of cash or gift cards has no clear impact on whether people value the cash equivalent more than a gift chosen by others. Perhaps people tend not to give cash or gift cards because it’s perceived as worse than giving someone else a gift?

This compares gifts chosen by close friends/relatives to gifts chosen by other kinds of people. But this comparison, which is between subsets of the “gifts chosen by others,” doesn’t affect the comparison between gifts chosen by others and cash/gift cards.

This presents a competing method of determining how much people value a gift, which produces a conflicting result. If people are unwilling to sell a gift unless offered more than its actual price, that arguably suggests people value gifts more than the cash equivalent.

Whether retailers require receipts has no clear impact on the comparison between gifts and cash/gift cards.

Question

56% of people who answer get this correct

This is a very difficult question.

CURVE

Score of students with a 50% chance of getting this right

25% 151

160

75% 168

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Stimulus Tags

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Popularity Avg. score

151

150

38%

159

56%

165

152

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PrepTest 152 - Section 4 - Question 22

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