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Bunuel
A quality-control bin contains 30 sensor chips, some of which are faulty. If two chips are selected at random without replacement, is the probability that both selected chips are faulty less than 1/4?

(1) More than 40% of the chips in the bin are faulty.
(2) More than 50% of the chips in the bin are not faulty.

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This question can be solved efficiently if you recognize that a joint probability of 1/4 is equivalent to two individual probabilities of 1/2.

Note in the question stem that you are making two selections, so to find the probability that both chips are faulty you will multiply the individual probabilities together. If the individual probabilities were both exactly 1/2, then the joint probability would be exactly 1/4.

Statement 1:
Since there is no upper bound, all (or nearly all) of the chips could be faulty. So the probability that both are faulty could clearly be over 1/4, an answer of NO to the question.

Can you get a YES? Since 40% of 30 is 12, you could also have as few as 13 faulty chips. Then the individual probability for the first pick is 13/30. With one less faulty chip, the probability for the second pick is 12/29.

Both of these probabilities are under 1/2, so multiplying them together must give you less than 1/4, an answer of YES to the question. Insufficient.

Statement 2:
Again, there is no upper bound, but here this applies to chips that are not faulty. So it could be that almost none of the chips are faulty. So the probability that both are faulty could clearly be under 1/4, an answer of YES.

Can you get a NO? If more than 50% of the chips are not faulty, it must be that less than 50% of the chips are faulty. So the probability that the first pick is faulty must be less than 1/2, and the probability that the second pick is faulty must be even less than that.

Both of these probabilities are under 1/2, so multiplying them together must give you less than 1/4. The answer is a definite YES. Sufficient.

As on many Data Sufficiency problems, here the statements give you ranges that you must test against the question by looking for insufficiency. If you recognize that 1/2 * 1/2 yields a joint probability of 1/4, testing for YES and NO becomes both faster and less prone to calculation error.
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