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GMAT
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The Graduate Management Admission Test (GMAT)is a computer-adaptive standardized test in mathematics and the English language for measuring aptitude to succeed academically in graduate business studies. Business schools use the test as a criteria for admission into graduate business administration programs (e.g. MBA, Master of Accountancy, etc.) principally in the United States, but also in other English-speaking countries. It is delivered via computer at various locations around the world. In those international locations where an extensive network of computers has not yet been established, the GMAT is offered either at temporary computer-based testing centers on a limited schedule or as a paper-based test (given once or twice a year) at local testing centers.

The Test

The exam measures verbal, mathematical, and analytical writing skills that the examinee has developed over a long period of time in his or her education and work. Test takers answer questions in each of the three tested areas, and there are also two optional breaks; in general, the test takes about four hours to complete.
Scores are valid for five years (at most institutions) from the date the test taker sits for the exam until the date of matriculation (i.e. acceptance, not until the date of application).
The maximum score that can be achieved on the exam is 800. Over the 3 years concluding in March 2011, the mean score has been 540.4
The Analytical Writing Assessment (AWA) section is the first to be answered. This is followed by the Quantitative section, and the test is concluded with the Verbal Ability section.

Analytical Writing Assessment

The Analytical Writing Assessment (AWA) section of the test consists of two essays. In the first, the student must analyze an argument and in the second the student must analyze an issue. Each essay must be written within 30 minutes and is scored on a scale of 0–6. The essay is read by two readers who each mark the essay with a grade from 0–6, in 0.5 point increments. If the two scores are within one point of each other, they are averaged. If there is more than one point difference, the essays are read by a third reader.
The first reader is IntelliMetric, a proprietary computer program developed by Vantage Learning, which analyzes creative writing and syntax of more than 50 linguistic and structural features. The second and third readers are humans, who evaluate the quality of the examinee's ideas and his ability to organize, develop, and express ideas with relevant support. While mastery of the conventions of written English factor into scoring, minor errors are expected, and evaluators are trained to be sensitive to examinees whose first language is not English.
Each of the two essays in the Analytical Writing part of the test is graded on a scale of 0 (the minimum) to 6 (the maximum):

    • 0 An essay that is totally illegible or obviously not written on the assigned topic.
    • 1 An essay that is fundamentally deficient.
    • 2 An essay that is seriously flawed.
    • 3 An essay that is seriously limited.
    • 4 An essay that is merely adequate.
    • 5 An essay that is strong.
    • 6 An essay that is outstanding.

Over the 3 years concluding in March 2011, the mean score has been 4.4

Quantitative Section

The quantitative section consists of 37 multiple choice questions, which must be answered within 75 minutes. There are two types of questions: problem solving and data sufficiency. The quantitative section is scored from 0 to 60 points. Over the 3 years ending in March 2011, the mean score has been 36.2/60; scores above 50 and below 7 are rare.
Problem Solving
This tests the quantitative reasoning ability of the examinee. Problem-solving questions present multiple-choice problems in arithmetic, basic algebra, and elementary geometry. The task is to solve the problems and choose the correct answer from among five answer choices. Some problems will be plain mathematical calculations; the rest will be presented as real life word problems that will require mathematical solutions.
Numbers: All numbers used are real numbers.
Figures: The diagrams and figures that accompany these questions are for the purpose of providing useful information in answering the questions. Unless it is stated that a specific figure is not drawn to scale, the diagrams and figures are drawn as accurately as possible. All figures are in a plane unless otherwise indicated.

 Data Sufficiency

This tests the quantitative reasoning ability using an unusual set of directions. The examinee is given a question with two associated statements that provide information that might be useful in answering the question. The examinee must then determine whether either statement alone is sufficient to answer the question; whether both are needed to answer the question; or whether there is not enough information given to answer the question.
Data sufficiency is a unique type of math question created especially for the GMAT. Each item consists of the questions itself followed by two numbered statements.
(A) If statement 1 alone is sufficient to answer the question, but statement 2 alone is not sufficient.
(B) If statement 2 alone is sufficient to answer the question, but statement 1 alone is not sufficient.
(C) If both statements together are needed to answer the question, but neither statement alone is sufficient.
(D) If either statement by itself is sufficient to answer the question.
(E) If not enough facts are given to answer the question.
Perhaps the easiest way to fully internalize the scope of these questions is to replace the word “is” with the words “must be” — the questions are not asking whether an answer is possible, but rather, whether it "must" be the case.

 Verbal Section

The verbal section consists of 41 multiple choice questions, which must be answered within 75 minutes. There are three types of questions: sentence correction, critical reasoning, and reading comprehension. The verbal section is scored from 0 to 60 points. Over the 3 years ending in March 2011, the mean has been 27.9/60; scores above 44 and below 9 are rare.

Sentence Correction

The Sentence Correction section tests a test taker's knowledge of American English grammar, usage, and style.
Sentence correction items consist of a sentence, all or part of which has been underlined, with five associated answer choices listed below the sentence. The first answer choice is exactly the same as the underlined portion of the sentence. The remaining four answer choices contain different phrasings of the underlined portion of the sentence. The test taker is instructed to choose the first answer choice if there is no flaw with that phrasing of the sentence. If there is a flaw with the original phrasing of the sentence, the test taker is instructed to choose the best of the four remaining answer choices.
Sentence Correction questions are designed to measure a test taker's proficiency in three areas: correct expression, effective expression, and proper diction  Correct expression refers to the grammar and structure of the sentence. Effective Expression refers to the clarity and concision used to express the idea. Proper Diction refers to the suitability and accuracy of the chosen words in reference to the dictionary meaning of the words and the context in which the words are presented.

Critical Reasoning

This tests logical thinking. Critical thinking items present an argument that the test taker is asked to analyze. Questions may ask test takers to draw a conclusion, to identify assumptions, or to recognize strengths or weaknesses in the argument. It presents brief statements or arguments and asks to evaluate the form or content of the statement or argument. Questions of this type ask the examinee to analyze and evaluate the reasoning in short paragraphs or passages. For some questions, all of the answer choices may conceivably be answers to the question asked. The examinee should select the best answer to the question, that is, an answer that does not require making assumptions that violate common sense standards by being implausible, redundant, irrelevant, and inconsistent.

 Reading Comprehension

This tests the ability to read critically. Reading comprehension questions relate to a passage that is provided for the examinee to read. The passage can be about almost anything, and the questions about it test how well the examinee understands the passage and the information in it. As the name implies, it tests the ability of the examinee to understand the substance and logical structure of a written selection. The GMAT uses reading passages of approximately 200 to 350 words, covering topics from social sciences, biological sciences, physical sciences, and business. Each passage has three or more questions based on its content. The questions ask about the main point of the passage, about what the author specifically states, about what can be logically inferred from the passage, and about the author's attitude.

Total Score

The "Total Score", composed of the quantitative and verbal sections, is exclusive of the analytical writing assessment (AWA), and ranges from 200 to 800. About two-thirds of test takers score between 400 and 600. The score distribution resembles a bell curve with a standard deviation of approximately 100 points, meaning that the test is designed for 68% of examinees to score between 400 and 600, while the median score was originally designed to be near 500. In the 2009/2010 period the mean score was 544, increasing 3% since 2000/2001 when the mean was 527
The quantitative and verbal sections comprise a computer-adaptive test. The first question may be difficult. The next few questions in each section may be around the 500 level. If the examinee answers correctly, the next questions are harder. If the examinee answers incorrectly, the next questions are easier. The questions are pulled from a large pool of questions and delivered depending on the student's running score. These questions are regularly updated to prevent them from being compromised by students recording questions.
The final score is not based solely on the last question the examinee answers (i.e. the level of difficulty of questions reached through the computer-adaptive presentation of questions). The algorithm used to build a score is more complicated than that. The examinee can make a silly mistake and answer incorrectly and the computer will recognize that item as an anomaly. If the examinee misses the first question his score will not necessarily fall in the bottom half of the range.
Because GMAT is a CAT, Computer Adaptive Test, the next question is based on the previous answer, through a testing algorithm, modifying the difficulty of every question, therefore, the best effort should be made on any question. You can't go back to the previous question to verify or to correct it.This is a major contrast to the SAT, which has a wrong-answer penalty. Each test section also includes several experimental questions, which do not count toward the examinee's score, but are included to judge the appropriateness of the item for future administrations.
Verbal and Quantitative Section scores range from 0 to 60. Analytical Writing Assessment scores range from 0 to 6 and represent the average of the ratings from the two GMAT essays. The essays are scored differently from the Verbal and Quantitative sections and are not included in the total score.
All scores and cancellations in the past 5 years will be on a student's score report, a change from the previous policy of the last three scores and cancellations being kept on the score report.

Required Scores
Most schools do not publish a minimum acceptable score or detailed statistics about the scores achieved by applicants. However, schools do generally publish the average and median score of their latest intake, which can be used as a guide.
The average score for nearly all of the top business schools, as commonly listed in popular magazines and ranking services, is in the upper 600s or low 700s. For example Harvard Business School's average is 700 according to USNews Graduate Schools Magazine

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