An agency entrusted to accredit colleges looks at four parameters: faculty quality (F), reputation (R), placement quality (P), and infrastructure (I). The four parameters are used to arrive at an overall score, which the agency uses to give an accreditation to the colleges. In each parameter, there are five possible letter grades given, each carrying certain points: A (50 points), B (40 points), C (30 points), D (20 points), and F (0 points). The overall score for a college is the weighted sum of the points scored in the four parameters. The weights of the parameters are 0.1, 0.2, 0.3 and 0.4 in some order, but the order is not disclosed. Accreditation is awarded based on the following scheme:
Eight colleges apply for accreditation, and receive the following grades in the four parameters (F, R, P, and I):
It is further known that in terms of overall scores:
1. High Q is better than Best Ed;
2. Best Ed is better than Cosmopolitan; and
3. Education Aid is better than A-one.
Q1: What is the weight of the faculty quality parameter?
(a) 0.2
(b) 0.3
(c) 0.4
(d) 0.1
Ans: d
Sol: It is given that: High Q > Best Ed > Cosmopolitan and Education Aid > A-one
We can say that High Q > Cosmopolitan
We can see that both High Q and Cosmopolitan got same points in reputation (R) and placement quality (P). High Q received more points in infrastructure (I) than Cosmopolitan whereas Cosmopolitan received more points in faculty Quality (F) than High Q.
Hence, we can say that Infrastructure’s weight should be greater than Faculty quality. i.e. I > F
Similarly, We can see that both Best Ed and Cosmopolitan got same points in faculty Quality (F) and placement quality (P). Best Ed received more points in reputation (R) than Cosmopolitan whereas Cosmopolitan received more points in infrastructure (I) than Best Ed.
Hence, we can say that reputation’s weight should be greater than infrastructure. i.e. R > I
Similarly, We can see that both Education Aid and A-one got same points in faculty Quality (F) and reputation (R). Education Aid received more points in infrastructure (I) than A-one whereas A-one received more points in placement quality (P) than Education Aid.
Hence, we can say that reputation’s weight should be greater than infrastructure. i.e. I > P
So basically there are two possible cases: R > I > P > F or R > I > F > P
Case 1: Order of weights assigned = R > I > P > F
R = 0.4, I = 0.3. P = 0.2, F = 0.1
In this case overall score received by Best Ed = 0.1*40+0.4*30+0.2*20+0.3*20 = 26
In this case overall score received by High Q = 0.1*30+0.4*20+0.2*20+0.3*40 = 27
We can see that High Q’s overall score is higher than Best Ed. Hence, this is a possible case.
Case 2: Order of weights assigned = R > I > F > P
R = 0.4, I = 0.3. P = 0.1, F = 0.2
In this case overall score received by Best Ed = 0.2*40+0.4*30+0.1*20+0.3*20 = 28
In this case overall score received by High Q = 0.2*30+0.4*20+0.1*20+0.3*40 = 28
We can see that High Q’s overall score is not greater than the overall score received Best Ed. Hence, this case is not possible.
Now that we know the weight of each parameter, we can calculate the overall score and accreditation received by each college.
We can see that weight of the faculty quality parameter = 0.1. Hence,option D is the correct answer.
Q2: How many colleges have overall scores between 31 and 40, both inclusive?
(a) 0
(b) 2
(c) 1
(d) 3
Ans: a
Sol: It is given that: High Q > Best Ed > Cosmopolitan and Education Aid > A-one
We can say that High Q > Cosmopolitan
We can see that both High Q and Cosmopolitan got same points in reputation (R) and placement quality (P). High Q received more points in infrastructure (I) than Cosmopolitan whereas Cosmopolitan received more points in faculty Quality (F) than High Q.
Hence, we can say that Infrastructure’s weight should be greater than Faculty quality. i.e. I > F
Similarly, We can see that both Best Ed and Cosmopolitan got same points in faculty Quality (F) and placement quality (P). Best Ed received more points in reputation (R) than Cosmopolitan whereas Cosmopolitan received more points in infrastructure (I) than Best Ed.
Hence, we can say that reputation’s weight should be greater than infrastructure. i.e. R > I
Similarly, We can see that both Education Aid and A-one got same points in faculty Quality (F) and reputation (R). Education Aid received more points in infrastructure (I) than A-one whereas A-one received more points in placement quality (P) than Education Aid.
Hence, we can say that reputation’s weight should be greater than infrastructure. i.e. I > P
So basically there are two possible cases: R > I > P > F or R > I > F > P
Case 1: Order of weights assigned = R > I > P > F
R = 0.4, I = 0.3. P = 0.2, F = 0.1
In this case overall score received by Best Ed = 0.1*40+0.4*30+0.2*20+0.3*20 = 26
In this case overall score received by High Q = 0.1*30+0.4*20+0.2*20+0.3*40 = 27
We can see that High Q’s overall score is higher than Best Ed. Hence, this is a possible case.
Case 2: Order of weights assigned = R > I > F > P
R = 0.4, I = 0.3. P = 0.1, F = 0.2
In this case overall score received by Best Ed = 0.2*40+0.4*30+0.1*20+0.3*20 = 28
In this case overall score received by High Q = 0.2*30+0.4*20+0.1*20+0.3*40 = 28
We can see that High Q’s overall score is not greater than the overall score received Best Ed. Hence, this case is not possible.
Now that we know the weight of each parameter, we can calculate the overall score and accreditation received by each college.
From the table we can see that none of the mentioned college received an overall scores between 31 and 40, both inclusive. Hence, option A is the correct answer.
In an election several candidates contested for a constituency. In any constituency, the winning candidate was the one who polled the highest number of votes, the first runner up was the one who polled the second highest number of votes, the second runner up was the one who polled the third highest number of votes, and so on. There were no ties (in terms of number of votes polled by the candidates) in any of the constituencies in this election. In an electoral system, a security deposit is the sum of money that a candidate is required to pay to the election commission before he or she is permitted to contest. Only the defeated candidates (i.e., one who is not the winning candidate) who fail to secure more than one sixth of the valid votes polled in the constituency, lose their security deposits.
The following table provides some incomplete information about votes polled in four constituencies: A, B, C and D, in this election.
The following additional facts are known:
1. The first runner up polled 10,000 more votes than the second runner up in constituency A.
2. None of the candidates who contested in constituency C lost their security deposit. The difference in votes polled by any pair of candidates in this constituency was at least 10,000.
3. The winning candidate in constituency D polled 5% of valid votes more than that of the first runner up. All the candidates who lost their security deposits while contesting for this constituency, put together, polled 35% of the valid votes.
Q3: What BEST can be concluded about the number of votes polled by the winning candidate in constituency C?
(a) 1,40,010
(b) between 1,40,005 and 1,40,010
(c) less than 2,00,010
(d) 1,40,006
Ans: d
Sol: It’s given in the question that the first runner up polled 10,000
more votes than the second runner up in constituency A. Now the first
runner up has got 95000 votes, hence the second runner up will get 85000
votes.Now the remaining votes will be 500000-275000-95000-85000=45000
From
2, None of the candidates who contested in constituency C lost their
security deposit. The difference in votes polled by any pair of
candidates in this constituency was at least 10,000 => the person who
got 5th highest votes must have got > 600030/6 => ≥ 100006.Since it is also given that the difference of votes is ≥ 10000,
the only possible case is winner, 1st runner up, 2nd runner up, 3rd
runner up, 4th runner up must have got
140006,130006,120006,110006,100006 respectively which sums upto exactly
600030.Let the number of votes polled in D be 100x.
From 3, The winning candidate in constituency D must have got 37500+5x.
The table now looks like:
Number of votes polled to winning candidate must be 140006.
Q4: What was the number of valid votes polled in constituency D?
(a) 1,25,000
(b) 1,50,000
(c) 1,75,000
(d) 62,500
Ans: c
Sol: It’s given in the question that the first runner up polled 10,000
more votes than the second runner up in constituency A. Now the first
runner up has got 95000 votes, hence the second runner up will get 85000
votes.Now the remaining votes will be 500000-275000-95000-85000=45000
From
2, None of the candidates who contested in constituency C lost their
security deposit. The difference in votes polled by any pair of
candidates in this constituency was at least 10,000 => the person who
got 5th highest votes must have got > 600030/6 => ≥ 100006.
Since it is also given that the difference of votes is ≥ 10000,
the only possible case is winner, 1st runner up, 2nd runner up, 3rd
runner up, 4th runner up must have got
140006,130006,120006,110006,100006 respectively which sums upto exactly
600030.From 3, Let the total votes in D be 100x => The winning candidate in constituency D must have got 37500+5x.
The table now looks like:
The candidates who didn’t lose the deposit must have got <16.67% => 3rd runner up must surely didn’t get the deposit.
Also, the candidates who got security deposit must have got 65% of votes.
Case I:
Let top three candidates got the security deposit => 37500+5x+37500+30000 =65x => x=1750 => 100x= 175000Case II:
Let top three candidates got the security deposit => 37500 + 5x + 37500 = 65x => 60x = 1250 => x=125000 but 16.66% of 125000 =20834 => 2nd runner up must got security deposit. So, this case is not valid.
The increasing order C will always come after D which is not happening in the third option. Hence that is the correct answer.
DIRECTIONS: Read the table given below and answer the questions accordingly.
Shares traded on Bangalore, Madras, Bombay Stock Exchanges
Q1: The average of the high rates of share in all the three Stock Exchanges for NEPC Tea is
A: Rs.28.42
B:Rs.27.42
C: Rs.29.1
D: Rs.28.93
Ans: A
Sol: The last column is the total of all three stock exchanges (high rates and low rates, resp.) for every company. So, the average for NEPC high rates = 85.25/3= Rs. 28.42. Hence, the answer is 1st option.
Q2: For Reliance, the low rate of share is less than the average of the low rates of shares of the same company, in the Stock Exchange at
A: Madras
B: Bombay
C: Bangalore
D: None of these
Ans: C
Sol: On: Average of low rates of shares of Reliance = (177.5+177.5+177)/3> 177, which is the low rate of share of Reliance at Bangalore stock exchange. So, the correct option is 3.
Alternatively,
We know that, the city having the smallest value will be lesser than the average and the city having the largest value will be definitely more than the average. Using this logic, the answer can be marked as Bangalore.
Q3: For Tata Steel, the ratio of the high rate of share to the low rate is maximum in the Stock Exchange at
A: Bangalore
B: Madras
C: Bombay
D: None of these
Ans: C
Sol: At Bangalore Stock Exchange, ratio of high rate to low rate = (160/143) = 1.11;At Madras Stock Exchange, ratio of high rate to low rate = (158/140.5) = 1.12;
At Bombay Stock Exchange, ratio of high rate to low rate = (161.25/142.5) = 1.13.
As the maximum ratio is in Bombay, it will be the answer. Hence, the answer option is 3.
Q4: The low rate of share in L & T at Madras Stock Exchange bears a ratio, to the total low rate of share of the same company, of
A: 8/19
B: 9/20
C: 11/25
D:9/25
Ans: D
Sol: Low rate of share of L & T at Madras Stock Exchange = Rs. 180.
Total of low rate of share of L & T in all three Stock Exchanges = Rs. 500.
Ratio of (i)/(ii)= 180/500 = 9/25. Hence, the answer is 4th option.
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