// Numbas version: exam_results_page_options
{"name": "SP Net worth asset proportions divided bars (7)", "extensions": [], "custom_part_types": [], "resources": [["question-resources/Net_worth_asset_proportions.png", "/srv/numbas/media/question-resources/Net_worth_asset_proportions.png"]], "navigation": {"allowregen": true, "showfrontpage": false, "preventleave": false, "typeendtoleave": false}, "question_groups": [{"pickingStrategy": "all-ordered", "questions": [{"name": "SP Net worth asset proportions divided bars (7)", "tags": ["LANTITE"], "metadata": {"description": "<p>Used for LANTITE preparation (Australia).SP = Statistics &amp; Probability strand. Students are shown a divided bar chart and asked one of seven possible true/false questions.</p>", "licence": "Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International"}, "statement": "<div id=\"MathJax_Message\" style=\"display: none;\"></div>\n<div id=\"MathJax_Message\" style=\"display: none;\"></div>\n<div id=\"MathJax_Message\" style=\"display: none;\"></div>\n<div id=\"MathJax_Message\" style=\"display: none;\"></div>\n<div id=\"MathJax_Message\" style=\"display: none;\">What Assets Makeup WealthWhat Assets Makeup WealthWhat Assets Makeup Wealth</div>\n<p>The divided bar chart below displays the proportion of assets held (on average) by people in various net worth tiers (wealth categories).</p>\n<p>K = thousand&nbsp; &nbsp; &nbsp;M = million&nbsp; &nbsp; &nbsp; B = billion&nbsp; &nbsp; &nbsp;</p>\n<p><img src=\"resources/question-resources/Net_worth_asset_proportions.png\"/></p>\n<p><sup>Source:&nbsp;<a href=\"https://www.skyviewadv.com/insight-post/politics-and-taxes-interesting-charts-and-graphs/\">https://www.skyviewadv.com/insight-post/politics-and-taxes-interesting-charts-and-graphs/</a></sup></p>", "advice": "<div id=\"MathJax_Message\" style=\"display: none;\"></div>\n<div id=\"MathJax_Message\" style=\"display: none;\"></div>\n<p></p>\n<p>{advice}</p>\n<p></p>", "rulesets": {}, "extensions": [], "variables": {"scenario": {"name": "scenario", "group": "Ungrouped variables", "definition": "random(scenarios)", "description": "<div id=\"MathJax_Message\" style=\"display: none;\"></div>\n<div id=\"MathJax_Message\" style=\"display: none;\"></div>\n<p>The one randomly chosen scenario consisting of the question, answer and two distractors.</p>", "templateType": "anything"}, "wrong1": {"name": "wrong1", "group": "Ungrouped variables", "definition": "scenario[\"distractor1\"]", "description": "<div id=\"MathJax_Message\" style=\"display: none;\"></div>\n<div id=\"MathJax_Message\" style=\"display: none;\"></div>\n<div id=\"MathJax_Message\" style=\"display: none;\"></div>\n<p>The&nbsp;first incorrect answer for the question in the current scenario.</p>", "templateType": "anything"}, "questiontext": {"name": "questiontext", "group": "Ungrouped variables", "definition": "scenario[\"question\"]", "description": "<div id=\"MathJax_Message\" style=\"display: none;\"></div>\n<div id=\"MathJax_Message\" style=\"display: none;\"></div>\n<div id=\"MathJax_Message\" style=\"display: none;\"></div>\n<p>The question in the current scenario.</p>", "templateType": "anything"}, "correctanswer": {"name": "correctanswer", "group": "Ungrouped variables", "definition": "scenario[\"answer\"]", "description": "<div id=\"MathJax_Message\" style=\"display: none;\"></div>\n<div id=\"MathJax_Message\" style=\"display: none;\"></div>\n<p>The answer for the question in the current scenario.</p>", "templateType": "anything"}, "scenarios": {"name": "scenarios", "group": "Ungrouped variables", "definition": "json_decode(safe(\"[\\n {\\n  \\\"question\\\":\\\"A typical person with net worth \\\\\\\\$1B has less money invested in their Primary Residence, than does a typical person with net worth \\\\\\\\$1M.\\\",\\n  \\\"answer\\\":\\\"False\\\",\\n  \\\"distractor1\\\":\\\"True\\\",\\n  \\\"distractor2\\\":\\\"It is not possible to determine from the given information\\\",\\n  \\\"solution\\\":\\\"The people in the \\\\\\\\$1M tier have a higher proportion of their money invested in their Primary Residence (their red bar is approximately 25% whereas the red bar for the \\\\\\\\$1B tier is only about 2%).<br>However, the typical person with net worth \\\\\\\\$1B has more money invested in their Primary Residence in dollar terms.<br>2% of \\\\\\\\$1B = \\\\\\\\$20 000 000 whereas 25% of \\\\\\\\$1M is only  \\\\\\\\$250 000.<br>Therefore this statement is false.\\\"\\n  },\\n {\\n  \\\"question\\\":\\\"Typically, a person with net worth \\\\\\\\$100K has more money in Retirement funds than they have in Liquid investments.\\\",\\n  \\\"answer\\\":\\\"True\\\",\\n  \\\"distractor1\\\":\\\"False\\\",\\n  \\\"distractor2\\\":\\\"It is not possible to determine from the given information\\\",\\n  \\\"solution\\\":\\\"This question relates to people with net worth \\\\\\\\$100K.<br>In that tier, the Retirement funds bar (dark yellow) is significantly longer than the Liquid Investments bar (dark green).<br>Therefore the statement is true.\\\"\\n  },\\n{\\n  \\\"question\\\":\\\"Every person who has their Primary Residence as their main asset has net worth \\\\\\\\$100K.\\\",\\n  \\\"answer\\\":\\\"False\\\",\\n  \\\"distractor1\\\":\\\"True\\\",\\n  \\\"distractor2\\\":\\\"It is not possible to determine from the given information\\\",\\n  \\\"solution\\\":\\\"The longest red Primary Residence bar occurs in the  \\\\\\\\$100K tier.<br>However, it is not the only tier which has the Primary Residence bar as its longest tier (this also occurs for the \\\\\\\\$10K tier and the \\\\\\\\$1M tier).<br>Therefore the statement is false.\\\"\\n   },\\n {\\n  \\\"question\\\":\\\"As net worth increases, Business Interests increase as a proportion of net wealth.\\\",\\n  \\\"answer\\\":\\\"True\\\",\\n  \\\"distractor1\\\":\\\"False\\\",\\n  \\\"distractor2\\\":\\\"It is not possible to determine from the given information\\\",\\n  \\\"solution\\\":\\\"This statement is true, because as you move to the higher net worth tiers in the chart (eg \\\\\\\\$1M, \\\\\\\\$10M, \\\\\\\\$100M etc), the length of the dark blue Business Interests bar increases.\\\"\\n  },\\n{\\n  \\\"question\\\":\\\"A person with high net worth will typically have less expensive vehicles than a person with much lower net worth.\\\",\\n  \\\"answer\\\":\\\"False\\\",\\n  \\\"distractor1\\\":\\\"True\\\",\\n  \\\"distractor2\\\":\\\"It is not possible to determine from the given information\\\",\\n  \\\"solution\\\":\\\"The people in the higher net worth tiers have a shorter orange Vehicles bar.<br>However, the value of their vehicles will probably be more in dollar terms.<br>For example, 1% of \\\\\\\\$1B = \\\\\\\\$10 000 000 whereas 15% of \\\\\\\\$100K = \\\\\\\\$15 000.<br>Therefore this statement is false.\\\"\\n  },\\n{\\n  \\\"question\\\":\\\"If a person has Business Interests as their main asset, typically, they will have net worth of at least \\\\\\\\$10M.\\\",\\n  \\\"answer\\\":\\\"True\\\",\\n  \\\"distractor1\\\":\\\"False\\\",\\n  \\\"distractor2\\\":\\\"It is not possible to determine from the given information\\\",\\n  \\\"solution\\\":\\\"This statement is true.<br>People in net worth tiers less than \\\\\\\\$10M have their Primary Residence as their main asset, whereas people in net worth tiers of \\\\\\\\$10M or more have Business Interests as their main asset.\\\"\\n  },\\n {\\n  \\\"question\\\":\\\"As net worth increases, people typically have less money invested in Liquid assets.\\\",\\n  \\\"answer\\\":\\\"False\\\",\\n  \\\"distractor1\\\":\\\"True\\\",\\n  \\\"distractor2\\\":\\\"It is not possible to determine from the given information\\\",\\n  \\\"solution\\\":\\\"As net worth increases, the dark green Liquid assets bar decreases in length.<br>However, this does not mean that less money is invested in Liquid assets.<br>For example, 1% of \\\\\\\\$1B = \\\\\\\\$10 000 000 whereas 15% of \\\\\\\\$10K is only \\\\\\\\$1 500. Therefore this statement is false.\\\"\\n  }\\n]\"))", "description": "<div id=\"MathJax_Message\" style=\"display: none;\"></div>\n<div id=\"MathJax_Message\" style=\"display: none;\"></div>\n<div id=\"MathJax_Message\" style=\"display: none;\"></div>\n<div id=\"MathJax_Message\" style=\"display: none;\"></div>\n<div id=\"MathJax_Message\" style=\"display: none;\"></div>\n<div id=\"MathJax_Message\" style=\"display: none;\"></div>\n<div id=\"MathJax_Message\" style=\"display: none;\"></div>\n<div id=\"MathJax_Message\" style=\"display: none;\"></div>\n<p>The&nbsp;list of all&nbsp;possible questions, answers, feedback (advice) and two distractors per question.</p>", "templateType": "json"}, "wrong2": {"name": "wrong2", "group": "Ungrouped variables", "definition": "scenario[\"distractor2\"]", "description": "<div id=\"MathJax_Message\" style=\"display: none;\"></div>\n<p>The second incorrect answer for the question in the current scenario.</p>", "templateType": "anything"}, "advice": {"name": "advice", "group": "Ungrouped variables", "definition": "scenario[\"solution\"]", "description": "<p>The specific advice for the given question.</p>", "templateType": "anything"}}, "variablesTest": {"condition": "", "maxRuns": 100}, "ungrouped_variables": ["scenarios", "scenario", "questiontext", "correctanswer", "wrong1", "wrong2", "advice"], "variable_groups": [], "functions": {}, "preamble": {"js": "", "css": ""}, "parts": [{"type": "1_n_2", "useCustomName": false, "customName": "", "marks": 0, "scripts": {}, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "showCorrectAnswer": true, "showFeedbackIcon": true, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "nextParts": [], "suggestGoingBack": false, "adaptiveMarkingPenalty": 0, "exploreObjective": null, "prompt": "<div id=\"MathJax_Message\" style=\"display: none;\"></div>\n<p>Select the correct option for the following statement:</p>\n<p>{questiontext}</p>", "minMarks": 0, "maxMarks": 0, "shuffleChoices": true, "displayType": "radiogroup", "displayColumns": 0, "showCellAnswerState": true, "choices": ["<div id=\"MathJax_Message\" style=\"display: none;\"></div>\n{correctanswer}", "<div id=\"MathJax_Message\" style=\"display: none;\"></div>\n{wrong1}", "<div id=\"MathJax_Message\" style=\"display: none;\"></div>\n{wrong2}"], "matrix": ["1", 0, 0], "distractors": ["Well done!", "Read the question again, and look carefully at the chart.", "Read the question again, and look carefully at the chart."]}], "partsMode": "all", "maxMarks": 0, "objectives": [], "penalties": [], "objectiveVisibility": "always", "penaltyVisibility": "always", "contributors": [{"name": "Adelle Colbourn", "profile_url": "https://numbas.mathcentre.ac.uk/accounts/profile/2083/"}]}]}], "contributors": [{"name": "Adelle Colbourn", "profile_url": "https://numbas.mathcentre.ac.uk/accounts/profile/2083/"}]}