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Jill's pocket contains 3 quarters, 4 dimes, 2 nickels, and 6

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Eternal Intern
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Jill's pocket contains 3 quarters, 4 dimes, 2 nickels, and 6 [#permalink] New post 18 Jul 2003, 18:03
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Jill's pocket contains 3 quarters, 4 dimes, 2 nickels, and 6 pennies. If she takes out one coin at random, what is the probability that the coin is worth more than 5 cents?
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 [#permalink] New post 18 Jul 2003, 18:18
Strictly speaking, the way this question is worded, you cannot answer it using only the information given. Can you think of a reasonable explanation?

(apologizes in advance, but I'm having fun with this one)

:twisted:
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AkamaiBrah
Former Senior Instructor, Manhattan GMAT and VeritasPrep
Vice President, Midtown NYC Investment Bank, Structured Finance IT
MFE, Haas School of Business, UC Berkeley, Class of 2005
MBA, Anderson School of Management, UCLA, Class of 1993

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 [#permalink] New post 18 Jul 2003, 23:22
AkamaiBrah wrote:
Strictly speaking, the way this question is worded, you cannot answer it using only the information given. Can you think of a reasonable explanation?

(apologizes in advance, but I'm having fun with this one)

:twisted:


You assume that the coin can be rare (a quarter minted in 1718 for example) and therefore can be worth thousands of dollars?
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 [#permalink] New post 19 Jul 2003, 00:44
Having a rare quarter won't change the probabilities, since a quarter is already at minimum worth more than 5 cents. But, yes, a rare nickle or penny would!

Just farting around. Seriously, though, there is really nothing wrong with my answer!

:)
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AkamaiBrah
Former Senior Instructor, Manhattan GMAT and VeritasPrep
Vice President, Midtown NYC Investment Bank, Structured Finance IT
MFE, Haas School of Business, UC Berkeley, Class of 2005
MBA, Anderson School of Management, UCLA, Class of 1993

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 [#permalink] New post 21 Jul 2003, 06:07
Nope, it can be answered. But, it is hard. :wink:
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 [#permalink] New post 21 Jul 2003, 13:16
For the previous answers something must be wrong, also because I had a very easy aproach to the question

7/15

What is wrong (if wrong) with my answer?
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 [#permalink] New post 21 Jul 2003, 15:01
What does your wife look like 8-) , are you young? :P

I'm doing research onto the answer. So spanish is your first language?
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 [#permalink] New post 21 Jul 2003, 15:11
MBA04 wrote:
For the previous answers something must be wrong, also because I had a very easy aproach to the question

7/15

What is wrong (if wrong) with my answer?


Nothing's wrong with your answer. In fact, on the test, it would be correct.

I'm just farting around by pointing out that there can be a difference between a coin's face value and what it is actually "worth".
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Best,

AkamaiBrah
Former Senior Instructor, Manhattan GMAT and VeritasPrep
Vice President, Midtown NYC Investment Bank, Structured Finance IT
MFE, Haas School of Business, UC Berkeley, Class of 2005
MBA, Anderson School of Management, UCLA, Class of 1993

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 [#permalink] New post 24 Jul 2003, 23:02
This probably will not feature on the GMAT until they also give the relationship between cents and dimes/nickels etc.
  [#permalink] 24 Jul 2003, 23:02
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Jill's pocket contains 3 quarters, 4 dimes, 2 nickels, and 6

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