Sawaal
22
Q:

A person starting with 64 rupees and making 6 bets, wins three times and loses three times, the wins and loses occurring in random order. The chance for a win is equal to the chance for a loss. If each wager is for half the money remaining at the time of the bet, then the final result is:

A) A gain of Rs. 27 B) A loss of Rs. 37
C) A loss of Rs. 27 D) A gain of Rs. 37

Answer:   B) A loss of Rs. 37



Explanation:

As the win leads to multiplying the amount by 1.5 and loss leads to multiplying the amount by 0.5, we will multiply the initial amount by 1.5 thrice and by 0.5 thrice (in any order).

The overall resultant will remain same.

So final amount with the person will be (in all cases):

= 64(1.5)(1.5)(1.5)(0.5)(0.5)(0.5)= Rs. 27

Hence the final result is: 

64 − 27 = 37

A loss of Rs.37

Subject: Probability
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Bank Clerk , Bank PO
Related Questions
Q:

Find the range and mode of the data 17, 18, 28, 19, 16, 18, 17, 29, 18

A) 12 and 18 B) 13 and 18
C) 12 and 17 D) 11 and 17
 
Answer & Explanation Answer: B) 13 and 18

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Probability
Exam Prep: Bank Exams

26 1679
Q:

Find the standard deviation of {11, 7, 10,13, 9}

A) 1 B) 2
C) 4 D) 5
 
Answer & Explanation Answer: B) 2

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Probability
Exam Prep: Bank Exams

7 1204
Q:

A table tennis player, lost 12 games out of 18 games played. Calculate the games won in terms of decimal.

A) 0.667 B) 0.067
C) 0.50 D) 0.333
 
Answer & Explanation Answer: D) 0.333

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Probability
Exam Prep: Bank Exams

6 1068
Q:

A sequence a, ax, ax2, ......, axn, has odd number of terms. Then the median is

 

A) axn2+1 B) axn2-1
C) axn-1 D) axn2
 
Answer & Explanation Answer: D) axn2

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Probability
Exam Prep: Bank Exams

6 12737
Q:

The mean of a distribution is 15 and the standard deviation is 5. What is the value of the coefficient variation?

A) 16.66% B) 66.66%
C) 33.33% D) 100%
 
Answer & Explanation Answer: C) 33.33%

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Probability
Exam Prep: Bank Exams

8 1091
Q:

If the standard deviation of a population is 3, what would be the population variance?

 

A) 9 B) 6
C) 8 D) 15
 
Answer & Explanation Answer: A) 9

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Probability
Exam Prep: Bank Exams

7 9944
Q:

The variance of a set of data is 169. Then the standard deviation of the data is

 

A) +-13 B) 13
C) 69 D) 84.5
 
Answer & Explanation Answer: B) 13

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Probability
Exam Prep: Bank Exams

6 8400
Q:

If the standard deviation of a population is 10, what would be the population variance?

A) 100 B) 30
C) 5 D) 20
 
Answer & Explanation Answer: A) 100

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Probability
Exam Prep: Bank Exams

10 1123