Happy Monday. Let's see if you can get your brain working after the pre-4th of July weekend fun you had.
Two questions for you this morning:
1 - What is the probability that the first business day of a month is a Monday?
2 - What is the greatest dollar value in coins you can have in your hand without being able to make change for a dollar?
SB's for well explained answers.
| +46 | Interviews Are So Fake | 28 | 15h | |
| +33 | 2024 UK Election - Tories finished? | 21 | 17h | |
| +29 | Being Christian in investment banking | 14 | 1d | |
| +26 | Non-Competes Banned | 27 | 8m | |
| +22 | ADHD ! | 5 | 2h | |
| How do I become Sigma | 15 | 10h | ||
| +19 | Moelis has the cutest Analysts? | 4 | 1d | |
| +18 | Best NYC neighborhood for single 30M | 12 | 3d | |
| +16 | Underage intern, drinking? | 7 | 1d | |
| +13 | Secretive vs Universal Prestige? | 7 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
1 - no probability need for practical purposes, available by checking calendar
2 - theoretically, unlimited if you have silver dollars.
20% = (business days are not Saturday or Sunday for most non-banking people), so the first business day being a Monday has a chance of 1 in 5 or 20%.
$1.09 = 3x $.25, 3x $.10, 4x $.01
Can't you add another dime?
2:
$1.19
3x quarters; 4x dimes; 0x nickels; 4x pennies
GS Tackle, good job +1
Kheric - think again.
I am surprised no one has got #1 correct. Pretty easy math. When you see the answer you'll kick yourself.
9 dimes 1 quarter 4 pennies
--> $1.19
The Horse's name is Monday
of all the times for me to run out of SBs.
somebody hook this brotha up.
ahhh thank you sir
1 - 38.1%
For most months, probability is 3/7 (if the 1st is Saturday, Sunday or Monday, first business day is Monday).
In January, New Years falling out on Friday or Saturday is good; if it falls Sunday or Monday, Monday is a holiday. 2/7.
In September, 0/7, since first Monday is Labor Day.
Take average of 1x(0/7), 1x(2/7), 10x(3/7)
38.1%
1) 3/7
2) no answer. Take 3 quarters, and you can add as many dimes as you want without making a dollar.
Never mind, my second answer is definitely wrong.
Now that I think about it, this is too obvious. The answer is about 43%. The only explanation is if you count the first day of the month as a Saturday or Sunday, then those "count" toward the first business day being on Monday, so 3 of the 7 days in a week could make Monday the first business day. I just took too small of a sample earlier.
Regarding the extra dime...yep. Extra dime. Not sure why I didn't write that as I threw out the 4 dimes theory earlier in my head and accepted 3. Ah well.
1) 3 / 7 (Saturday, Sunday, Monday) 2) $1.19 (3 quarters, 4 dimes, 4 pennies)
3/7.... Monday, Saturday and Sunday all basically equal a Monday...
Et aut tempore ipsum illo est tempore. Et atque enim excepturi deserunt vel. Sint vero et vero dolorum eligendi quod rerum. Tempore asperiores quia a rem.
Blanditiis dolores perspiciatis corporis dignissimos dolorem nostrum. Nam deleniti vero atque ipsa assumenda accusantium et. Sunt numquam tempore impedit vitae.
Et voluptates qui recusandae. Ut explicabo ullam at accusantium eius molestiae. Earum dolorem tempore alias minus et. Alias et consectetur iusto et occaecati.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...