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Word math problem interpretation help needed

PST
New answer on Oct 31, 2020
4 Answers
859 Views
Albert
Skilled
asked on Oct 30, 2020

Hi guys,

Which country has the highest average household income level in $US according
to basic exchange rates?

The equation answer to obtain the answer for question below = given average household income data/ given exchange rate data

Question: How do you interpret the words ' according to' as division

Thank you.

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Allen
Expert
replied on Oct 30, 2020
Ex-McK Experienced Hire and EM - I show you how to perform at your best

Albert, I don't intend to be crude, but how else were you thinking of interpreting it?

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Albert on Nov 01, 2020

Multiplication instead of division

Best answer
Ian
Expert
Content Creator
replied on Oct 30, 2020
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate

Hi Albert,

You would literally just need to multiply/divide the numeric household income amount by the exchange rate to get the USD value.

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Albert on Nov 01, 2020

Thanks! Understood

Anonymous replied on Oct 31, 2020

The wording is misleading, but given that you know it's about household income and invoves USD exchange rate, you can figure out the way to calculate yourself.

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Albert on Nov 01, 2020

Yeap understood thanks

Clara
Expert
Content Creator
replied on Oct 31, 2020
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut

Hello!

I think here the question is so easy that it gets confusing.

Yes, indeed, you need to divide by the conversion factor among currencies.

Sometimes we tend to overcomplicate, but some things can be this simple :)

Cheers,

Clara

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Albert on Nov 01, 2020

Hi Clara, yes. perhaps it is a wording that i need to get used to when interpreting

Ian gave the best answer

Ian

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