# The New GMAT: Integrated Reasoning, pt. 2

February 22, 2012 by

In our next installment of the new question format series, we’re going to investigate Two-Part Analysis questions.  Remember, the GMAT is changing in June and that change means a while new section called Integrated Reasoning.  This new section will feature twelve questions in four new formats and result in yet a third score (AWA, GMAT Quant and Verbal in aggregate, and now IR).

This is from the test maker’s website regarding Two-Part Analysis questions:

“Select one answer from each column to solve a problem with a two-part solution. Possible answers will be presented in a table with a column for each part.”

In case you’re feeling particularly curious, GMAC offers up five two-part analysis questions for you here.  Answers to each are provided, but don’t expect any explanations.  As you work through these example questions, be sure to either write down the answers you choose or look … Read full post

# The New GMAT: Integrated Reasoning, pt. 1

February 15, 2012 by

Let’s have a quick look at one of four new question formats test takers will see on the New GMAT among the twelve Integrated Reasoning questions in the new section: Graphics Interpretation.  From the test maker’s website:

“Interpret the graph or graphical image and select the option from a drop-down list to make the answer statements accurate.”

For your enjoyment, GMAC provides four in-format graphics consisting of two or three questions each (click here to get started).  While the answers are provided, unfortunately the explanations are not.  Also, be sure to either write down the answers you choose or look at the correct answer before you move onto the next graphic.  If you answer all of them consecutively with the plan to go back and review them consecutively, you will be disappointed (like me!).

As for this inquisitor, I found the Graphics Interpretation questions to be pretty interesting.  The … Read full post

# The New GMAT: Integrated Reasoning

February 13, 2012 by

The new section of the GMAT, called Integrated Reasoning, is going live on June 5, 2012.  While we here at Kaplan implore everyone in the free world to take the GMAT before this date, we are hard at work preparing for the test change so we can start training our bar-setting students to blow it out of the water when the time comes.

In a series of four short posts, I am going to focus on the new question formats that comprise the twelve Integrated Reasoning questions test takers will see in the new section.  In part 1, we’ll have a look at Graphic Interpretation questions.  But before we get into it, here are some FYI question specification bullet points I found here on MBA.com:

• A given prompt, or question setup, may have multiple questions.
• All answer choices for a single question are presented on the same

# GMAT Arbitrage

February 12, 2012 by

Arbitrage is a glorious thing.  Simply put, arbitrage happens by exploiting differences in price for the same good.  Say the currency exchange market (forex) in Asia is trading the US dollar at 1.5 British pounds per USD (yes, I know it’s actually the other way around these days, but let’s have some fun), while the European market is trading 1.25 British pounds per USD.  I could leave New York, head to Tokyo, and buy a whole bunch of British pounds with my US dollars, say \$100 worth.  With my newly minted £150, I could then fly off to London and sell them in exchange for dollars.  Since in London I get \$1.00 for every £1.25, then due to the market inefficiency I will receive \$120 back, yielding a nice \$20 profit on my original investment.   Yay for me!  (And all I had to do was circumnavigate the globe.  … Read full post

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