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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.
18 Dec 2025, 04:50
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Archived Topic
Hi there,
This topic has been closed and archived due to inactivity or violation of community quality standards. No more replies are possible here.
Where to now? Join ongoing discussions on thousands of quality questions in our Graphs and Tables (G&T) Forum
Still interested in this question? Check out the "Best Topics" block above for a better discussion on this exact question, as well as several more related questions.
Thank you for understanding, and happy exploring!
