What a wonderful question.
Guyz, beware of the old GMAT trick. If something looks too obvious, then one should immediately take a step back. The GMAT is all
about quantitative REASONING. This is why the GMAT is a difficult exam. The TEST IS DESIGNED to trouble test takers who prefer a
"I know the formula by rote, let me plug in some numbers approach". I should know. I am a card carrying member of the "learn By rote" gang.
Whenever the GMAT gives you a "Is "X" less than 1 " or "Is X greater than 2" question, then this is a clear indication that one has to
test boundary conditions. Let's think for a moment. The question stem is phrased in a manner
"Is X more than something"...Why would somebody ask us this question ? The question stem kinda implies that the probability can swing within a range.
If the question stem was phrased as "What is the probability.....", then this would imply a calculation intensive approach.
The maximum probability that an event can occur is 1
The minimum probability that an event can occur is 0
If we apply these concepts to the question, we will realize that the maximum probability in each case will always be less than
0.3
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