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29 Apr 2024, 07:06
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Dropdown 1: 0900h
Dropdown 2: 1000h
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
55%
(hard)
Question Stats:
79% (01:48) correct
21%
(01:31)
wrong
based on 432
sessions
History
Date
Time
Result
Not Attempted Yet
IMPROVED VERSION OF THIS QUESTION IS HERE: https://gmatclub.com/forum/i29-445720.html
The graph below gives the fluctuation in the price of a share of Prince Automobiles over two days.
Prince Automobiles shares.png [ 20.9 KiB | Viewed 6171 times ]
An Automated Trading System A buys shares of Prince Automobiles at a certain time on Day 1 and sells the entire quantity exactly one hour after that time on Day 2.
Choose the most appropriate option from the dropdown menu below that would make the statement true based on the information provided above.
ATS A should buy the shares at on Day 1 and sell the shares at on Day 2 to maximize the profit per share.
The graph below gives the fluctuation in the price of a share of Prince Automobiles over two days.
Attachment:
Prince Automobiles shares.png [ 20.9 KiB | Viewed 6171 times ]
An Automated Trading System A buys shares of Prince Automobiles at a certain time on Day 1 and sells the entire quantity exactly one hour after that time on Day 2.
Choose the most appropriate option from the dropdown menu below that would make the statement true based on the information provided above.
ATS A should buy the shares at on Day 1 and sell the shares at on Day 2 to maximize the profit per share.
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Official Answer
Dropdown 1: 0900h
Dropdown 2: 1000h
01 May 2024, 07:28
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answer: 9:00h and 10:00h
ATS A should buy the shares at 0900h on Day 1 and sell the shares at 1000h on Day 2 to maximize the profit per share.
compare the price at T hours vs price at T+1 next day. I wrote it down to avoid confusion
for 9:00 and 13:00 there is profit, rest its same/loss. for 9am the profit is 30 > 13:00 profit is 20
trap here is that we need to meet the constraint that we buy at T hours and sell at T+1 hours
hope that helps
thanks
ATS A should buy the shares at 0900h on Day 1 and sell the shares at 1000h on Day 2 to maximize the profit per share.
compare the price at T hours vs price at T+1 next day. I wrote it down to avoid confusion
for 9:00 and 13:00 there is profit, rest its same/loss. for 9am the profit is 30 > 13:00 profit is 20
trap here is that we need to meet the constraint that we buy at T hours and sell at T+1 hours
hope that helps
thanks
01 May 2024, 08:11
Kudos
Bookmarks
The OA is 900hrs on Day 1 and 1000hrs on Day 2.
Explanation:
It was mentioned in question to maximize the profit and share bought on Day 1 at T hrs must be sold on Day 2 at T+1 hrs.
On finding the maximum positive gap between the data points qualifying the above conditions.
900 hrs on day 1 and 1000 hrs on day 2 is best solution
Posted from my mobile device
Explanation:
It was mentioned in question to maximize the profit and share bought on Day 1 at T hrs must be sold on Day 2 at T+1 hrs.
On finding the maximum positive gap between the data points qualifying the above conditions.
900 hrs on day 1 and 1000 hrs on day 2 is best solution
Posted from my mobile device
