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Learn what truly sets the UC Riverside MBA apart and how it helps in your professional growth
22 Aug 2024, 20:28
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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)!
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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.
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.
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Dropdown 1: A
Dropdown 2: 2
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22 Aug 2024, 23:54
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jessicachenbobo
Discussed here:
https://gmatclub.com/forum/in-a-500-day ... 28902.html
Hope it helps.
