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  • Question
  • 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:


  • Options
  • A. A gain of Rs. 27
  • B. A loss of Rs. 37
  • C. A loss of Rs. 27
  • D. A gain of Rs. 37

  • Correct Answer
  • 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

  • Tags: AIEEE, Bank Exams, CAT, GATE, Bank Clerk, Bank PO

    Probability problems


    Search Results


    • 1. What is the probability that a leap year has 53 Saturdays and 52 Sundays ?

    • Options
    • A. 1/7
    • B. 2/7
    • C. 1/2
    • D. 3/2
    • Discuss
    • 2. 14 persons are seated around a circular table. Find the probability that 3 particular persons always seated together.

    • Options
    • A. 11/379
    • B. 21/628
    • C. 24/625
    • D. 26/247
    • Discuss
    • 3. In a race, the odd favour of cars P,Q,R,S are 1:3, 1:4, 1:5 and 1:6 respectively. Find the probability that one of them wins the race.

    • Options
    • A. 319/420
    • B. 27/111
    • C. 114/121
    • D. 231/420
    • Discuss
    • 4. There are four hotels in a town. If 3 men check into the hotels in a day then what is the probability that each checks into a different hotel?

    • Options
    • A. 1/2
    • B. 3/4
    • C. 4/7
    • D. 3/8
    • Discuss
    • 5. In a bag which contains 40 balls, there are 18 red balls and some green and blue balls. If two balls are picked up from the bag without replacement, then the probability of the first ball being red and second being green is 3/26. Find the number of blue balls in the bag.

    • Options
    • A. 16
    • B. 12
    • C. 10
    • D. 14
    • Discuss
    • 6. Two letters are randomly chosen from the word TIME. Find the probability that the letters are T and M?

    • Options
    • A. 1/4
    • B. 1/6
    • C. 1/8
    • D. 4
    • Discuss
    • 7. An urn contains 4 white 6 black and 8 red balls . If 3 balls are drawn one by one without replacement, find the probability of getting all white balls.

    • Options
    • A. 5/204
    • B. 1/204
    • C. 13/204
    • D. None of these
    • Discuss
    • 8. Two brother X and Y appeared for an exam. The probability of selection of X is 1/7 and that of B is 2/9. Find the probability that both of them are selected.

    • Options
    • A. 1/63
    • B. 1/14
    • C. 2/63
    • D. 1/9
    • Discuss
    • 9. Two cards are drawn from a pack of well shuffled cards. Find the probability that one is a club and other in King

    • Options
    • A. 1/52
    • B. 1/26
    • C. 1/13
    • D. 1/2
    • Discuss
    • 10. A bag contains 3 red balls, 5 yellow balls and 7 pink balls. If one ball is drawn at random from the bag, what is the probability that it is either pink or red?

    • Options
    • A. 2/3
    • B. 1/8
    • C. 3/8
    • D. 3/4
    • Discuss


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