Find all School-related info fast with the new School-Specific MBA Forum

It is currently 20 May 2013, 13:28
Customize  |  Hide

Bob cannot completely remember his four-digit ATM pin

  Question banks Downloads My Bookmarks Reviews  
Author Message
TAGS:
Senior Manager
Senior Manager
Joined: 30 May 2005
Posts: 374
Followers: 1

Kudos [?]: 5 [0], given: 0

GMAT Tests User
Bob cannot completely remember his four-digit ATM pin [#permalink] New post 03 Jul 2005, 10:48
00:00

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions
Bob cannot completely remember his four-digit ATM pin number. He does remember the first two digits, and knows that each of the last two digits is either a 6 or a 7. The ATM will allow him three tries before it blocks further access. If he randomly guesses the last two digits, what is the probability that he will get access to his account?

A. 3/8

B. 3/16

C. 5/16

D. 35/64

E. 37/64
Director
Director
User avatar
Joined: 18 Apr 2005
Posts: 553
Location: Canuckland
Followers: 1

Kudos [?]: 3 [0], given: 0

GMAT Tests User
 [#permalink] New post 03 Jul 2005, 14:37
I don't think any of the choices list the correct answer given ATM customer situation at hand

possible combinations 6,6 6,7 7,6 7,7

prob of getting it right on the first attempt = 1/4
prob of getting it right on second = 3/4 * 1/3 (not getting it at first * getting it on second, assuming he is smart enough that he won't repeat the wrong combination he used on his first attempt)

prob of getting it right on third is 3/4 * 2/3 * 1/2

1/4 + 3/4 * 1/3 + 3/4 * 2/3 * 1/2 = 1 - prob of getting it right on the fourth = 1 - 3/4 * 2/3 * 1/2 *1
= 3/4


if he is 'absent minded', putting it mildly, and cannot remember what he punched in before, than probability is

1/4 + 3/4 *1/4 + 3/4 * 3/4 * 1/4 = 37/64 or E
Senior Manager
Senior Manager
Joined: 17 Apr 2005
Posts: 379
Location: India
Followers: 1

Kudos [?]: 7 [0], given: 0

GMAT Tests User
Re: PS - ATM [#permalink] New post 04 Jul 2005, 08:01
Probability of getting access = 1 - ( probability of gettting the first three wrong).

Probability of getting one try wrong is 3/4

hence P = 1 - (3/4)^3
= 1 - 27/64
= 37/64.

HMTG.
Re: PS - ATM   [#permalink] 04 Jul 2005, 08:01
    Similar topics Author Replies Last post
Similar
Topics:
New posts I remember seeing this problem before but I cannot find it javed 5 04 May 2007, 02:52
Popular new posts 13 EXPERTS_POSTS_IN_THIS_TOPIC Bob just filled his car's gas tank with 20 gallons of above720 20 18 May 2007, 16:38
New posts Bob just filled his car's gas tank with 20 gallons of ggarr 2 20 May 2007, 22:52
New posts Someone is trying to remember a phone number but cannot jet1445 3 28 Jul 2007, 09:49
Popular new posts 6 I remember seeing this problem before but I cannot find it Hermione 11 09 Dec 2006, 00:46
Display posts from previous: Sort by

Bob cannot completely remember his four-digit ATM pin

  Question banks Downloads My Bookmarks Reviews  


GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.