Events & Promotions
|
|
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.
Customized
for You
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Nov 2007:30 AM PST
-08:30 AM PST
Learn what truly sets the UC Riverside MBA apart and how it helps in your professional growth
Nov 2211:00 AM IST
-01:00 PM IST
Do RC/MSR passages scare you? e-GMAT is conducting a masterclass to help you learn – Learn effective reading strategies Tackle difficult RC & MSR with confidence Excel in timed test environment- Nov 23
11:00 AM IST
-01:00 PM IST
Attend this free GMAT Algebra Webinar and learn how to master the most challenging Inequalities and Absolute Value problems with ease. 
Nov 2510:00 AM EST
-11:00 AM EST
Prefer video-based learning? The Target Test Prep OnDemand course is a one-of-a-kind video masterclass featuring 400 hours of lecture-style teaching by Scott Woodbury-Stewart, founder of Target Test Prep and one of the most accomplished GMAT instructors.
Swagatalaxmi
Joined: 05 Sep 2023
Last visit: 17 Nov 2025
Posts: 133
Given Kudos: 332
Location: India
Concentration: Healthcare, General Management
Schools: Wharton '27 (D) Columbia '27 (D) Booth '27 (WL) MIT '27 (D) Kellog '27 (D) Stern '27 (WL) Yale '27 (D) Fuqua '27 (D) Ross '27 (A$) Stanford '27 (S) Darden '27 (II)
GMAT Focus 1: 695 Q85 V88 DI80 
GPA: 3.19
WE:Medicine and Health (Healthcare/Pharmaceuticals)
Products:
Schools: Wharton '27 (D) Columbia '27 (D) Booth '27 (WL) MIT '27 (D) Kellog '27 (D) Stern '27 (WL) Yale '27 (D) Fuqua '27 (D) Ross '27 (A$) Stanford '27 (S) Darden '27 (II)
GMAT Focus 1: 695 Q85 V88 DI80
Posts: 133
Updated on: 23 Apr 2024, 11:31
Originally posted by Swagatalaxmi on 22 Apr 2024, 12:31.
Last edited by Bunuel on 23 Apr 2024, 11:31, edited 3 times in total.
Last edited by Bunuel on 23 Apr 2024, 11:31, edited 3 times in total.
Kudos
Bookmarks
Dropdown 1: A
Dropdown 2: 2
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
95%
(hard)
Question Stats:
58% (03:17) correct
42%
(03:13)
wrong
based on 865
sessions
History
Date
Time
Result
Not Attempted Yet
In a 500-day simulated currency-trading contest, three teams-Teams A, B, and C-applied automated currency-trading algorithms as the exchange rate data were streamed to their computers in real time. At the end of each day, each team's simulated balance (full-balance), in USD, was recorded. The contest was decided on the basis of these full-balances and their associated half-balances (0.5 times the corresponding full-balance). At the end of Day 500, the teams reported their full-balance and half-balance histories as well as their 500-day average full-balance. This information is shown in the graph.
The winner of the contest was to be the team that earned the greatest number of the following points: 1 point for having at least one half-balance that exceeded another team's same-day full-balance on at least one day; 1 point for having the greatest 500-day full-balance average; and 1 point for having the greatest full-balance at the end of at least 80% of the days. In the event of a tie, the team with the greatest 500-day full-balance average was to be declared the winner.
Select from each drop-down menu the option that creates the most accurate statement.
In the contest, Team was declared the winner after winning points
Attachment:
Screenshot 2024-04-23 005511.png [ 155.58 KiB | Viewed 13633 times ]
ShowHide Answer
Official Answer
Dropdown 1: A
Dropdown 2: 2
03 May 2024, 08:45
Kudos
Bookmarks
The question is indeed CORRECT.
The correct answer to this is indeed be A wins with 2 points
I had a hard time understanding the 3rd rubric for getting the point in the given game.
1. A & B both get the point since both > full balance of C around day 210
2. A gets the point because it has the greatest FB average.
3. At the end of at least 80% of the days means for at least 400 days if any curve stays maximum that team gets the point. Hence, A,B,C all DO NOT get this point. Logic: 'A' stays maximum for around 150 days, B for 200, C for <50 days.
Total A:2, B:1, C:0
The language makes this VERY HARD to get.
The correct answer to this is indeed be A wins with 2 points
I had a hard time understanding the 3rd rubric for getting the point in the given game.
1. A & B both get the point since both > full balance of C around day 210
2. A gets the point because it has the greatest FB average.
3. At the end of at least 80% of the days means for at least 400 days if any curve stays maximum that team gets the point. Hence, A,B,C all DO NOT get this point. Logic: 'A' stays maximum for around 150 days, B for 200, C for <50 days.
Total A:2, B:1, C:0
The language makes this VERY HARD to get.
02 Sep 2024, 03:36
Kudos
Bookmarks
Swagatalaxmi
The winner of the contest was to be the team that earned the greatest number of the following points:
1 point for having at least one half-balance that exceeded another team's same-day full-balance on at least one day;
At about day 220, Green line's full balance fell very low. Black line's half balance and Red line's half balance both were more than it.
Hence R - 1 point, B - 1 point
1 point for having the greatest 500-day full-balance average;
Red line has the greatest average 500 day balance of about 190 USD (thin flat line)
Hence R gets another point and is now R = 2
and 1 point for having the greatest full-balance at the end of at least 80% of the days.
No line is the top line for 80% of the days or more. To be the greatest full balance for 80% of the days, the line must be the top line for at least 400 days (out of 500). Black line is the top line for about 150 days. Now 350 days are left. Red line is at the top for most of the rest of the days. Green line is at the top for few days at the end. So no line was at the top for 400 or more days.
Hence this point does not get allocated to anyone.
In the event of a tie, the team with the greatest 500-day full-balance average was to be declared the winner.
There is no tie, so ignore.
So red line which is team A, won by 2 points.
Select A, 2
