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

It is currently 21 May 2013, 06:07
Customize  |  Hide

If we want a chance of 5% or less that a person will

  Question banks Downloads My Bookmarks Reviews  
Author Message
TAGS:
CTO
CTO
User avatar
Joined: 19 Dec 2002
Posts: 250
Location: Ukraine
Followers: 18

Kudos [?]: 36 [0], given: 9

GMAT Tests User
If we want a chance of 5% or less that a person will [#permalink] New post 28 Apr 2003, 11:20
If we want a chance of 5% or less that a person will encounter any question twice (in first and second test) in two consequtive random selections of 40 questions out of a question bank, how large should this question bank be?

I fear you need Excel to solve this one.
SVP
SVP
User avatar
Joined: 03 Feb 2003
Posts: 1683
Followers: 4

Kudos [?]: 16 [0], given: 0

 [#permalink] New post 05 May 2003, 00:05
x is the number of questions in the bank. The probability of having at least one question in two selections of 40 = 1 - [(x-40)C40/xC40]

It should be less than or equal to 0.05.

1 - [(x-40)C40/xC40]<=0.05

Excel says that x should be about 31000. P=0.0503.
CTO
CTO
User avatar
Joined: 19 Dec 2002
Posts: 250
Location: Ukraine
Followers: 18

Kudos [?]: 36 [0], given: 9

GMAT Tests User
21 years to develop [#permalink] New post 06 May 2003, 04:26
thanks :)

Right now we have capacity of 4 questions a day, which means developing such a bank will take 21 years.

Ok, this means we need software that would remember which questions you already answered...
SVP
SVP
User avatar
Joined: 03 Feb 2003
Posts: 1683
Followers: 4

Kudos [?]: 16 [0], given: 0

 [#permalink] New post 06 May 2003, 05:05
The number of questions in your bank should increse exponentially. In this case it should take much less time. :D
CTO
CTO
User avatar
Joined: 19 Dec 2002
Posts: 250
Location: Ukraine
Followers: 18

Kudos [?]: 36 [0], given: 9

GMAT Tests User
great idea [#permalink] New post 06 May 2003, 05:35
Great idea, stolyar!

If bb got $1 mln, we could launch a campaign - get $10 for every question you prepared, + $1 for each question your friends prepared, so that people could use a multi-level marketing, to get an exponent :)
Founder
Founder
User avatar
Status: On Vacation :-)
Affiliations: UA-1K, SPG-G, HH-D
Joined: 04 Dec 2002
Posts: 10394
Location: United States (WA)
GMAT 1: 750 Q49 V42
GPA: 3.5
WE: Information Technology (Hospitality and Tourism)
Followers: 1361

Kudos [?]: 4182 [0], given: 3117

GMAT ToolKit User GMAT Tests User
Re: great idea [#permalink] New post 10 May 2003, 20:54
gravedigger wrote:
Great idea, stolyar!

If bb got $1 mln, we could launch a campaign - get $10 for every question you prepared, + $1 for each question your friends prepared, so that people could use a multi-level marketing, to get an exponent :)



Great Idea. I really love it... can we drop the second part and leave me with $1 mln?
Re: great idea   [#permalink] 10 May 2003, 20:54
    Similar topics Author Replies Last post
Similar
Topics:
New posts Applied, want opinion about my chance praveen_anshu 3 20 Jan 2006, 15:38
New posts if a digit is greater or equal to 5 we round up, less we Nsentra 3 24 Oct 2006, 19:27
Popular new posts Are we underestimating are chances here? pelihu 40 05 Nov 2006, 00:21
New posts Necromonger, we want another cartoon! GMATT73 6 03 Feb 2007, 01:04
Popular new posts 4 Schools Less Keen On WE? asimov 21 03 Jun 2009, 14:17
Display posts from previous: Sort by

If we want a chance of 5% or less that a person will

  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®.