Sunday, July 27, 2008

Investment Banking Interview - Brain Teaser Q and A

Three envelopes are presented in front of you by an interviewer. One contains a job offer, the other two contain rejection letters. You pick one of the envelopes. The interviewer then shows you the contents of one of the other envelopes, which is a rejection letter. The interviewer now gives you the opportunity to switch envelope choices. Should you switch?

The answer is yes. Say your original pick was envelope A. Originally, you had a 1/3 chance that envelope A contained the offer letter. There was a 2/3 chance that the offer letter was either in envelope B or C. If you stick with envelope A, you still have the same 1/3 chance. Now, the interviewer eliminated one of the envelopes (say, envelope B), which contained a rejection letter. So, by switching to envelope C, you now have a 2/3 chance of getting the offer and you’ve doubled your chances.

Note that you will often get this same question but referring to playing cards (as in 3-Card Monte) or doors (as in Monte Hall/Let’s Make a Deal) instead of envelopes.

You are given 12 balls and a scale. Of the 12 balls, 11 are identical and 1 weighs slightly more. How do you find the heavier ball using the scale only three times?

First, weigh 5 balls against 5 balls (1st Use of Scale). If the scale is equal, then discard those 10 balls and weigh the remaining 2 balls against each other (Second Use of Scale). The heavier ball is the one you are looking for.

If on the first weighing (5 vs 5), one group is heavier, then of the heavier group weigh 2 against 2 (2nd Use of Scale). If they are equal, then the 5th ball from the heavier group (the one not weighed) is the one you are looking for. If one of the groups of 2 balls is heaver, then take the heaver group of 2 balls and weigh them against each other (Third Use of Scale). The heavier ball is the one you are looking for.

You are given 12 balls and a scale. Of the 12 balls, 11 are identical and 1 weighs EITHER slightly more or less. How do you find the ball that is different using the scale only three times AND tell if it is heavier or lighter than the others?

Significantly harder than the last question! Weigh 4 vs 4 (1st Weighing). If they are identical then you know that all of 8 of these are “normal” balls. Take 3 ”normal” balls and weigh them against 3 of the unweighed balls (2nd Weighing). If they are identical, then the last ball is “different.” Take 1 “normal” ball and weigh against the “different” one (3rd Weighing). Now you know if the “different” ball is heavier or lighter.

If, on the 2nd weighing, the scales are unequal then you now know if the “different” ball is heavier (if the 3 non-normal balls were heavier) or lighter (if the 3 non-normal balls were lighter). Take the 3 “non-normal” balls and weigh 1 against the other (3rd Weighing). If they are equal then the third ball not weighed is the “different” one. If they are not equal then either the heavier or lighter ball is “different” depending on if the 3 “non-normal” balls were heavier or lighter in the 2nd Weighing.

If, on the 1st Weighing, the balls were not equal then at least you know that the 4 balls not weighed are “normal.” Next, take 3 of the “normal balls” and 1 from the heavier group and weigh against the 1 ball from the lighter group plus the 3 balls you just replaced from the heavier group (2nd Weighing). If they are equal then you know that the “different” ball is lighter and is 1 of the 3 not weighed. Of these 3, weigh 1 against 1 (3rd Weighing) If one is lighter, that is the “different” ball, otherwise, the ball not weighed is “different” and lighter.

If, on the 2nd weighing from the preceding paragraph, the original heavier group (containing 3 “normal” balls) is still heavier, then either one of the two balls that were NOT replaced are ”different.” Take the one from the heavier side and weigh against a normal ball (3rd Weighing). If it is heavier, it is “different,” and heavier otherwise the ball not weighed is “different” and lighter. If, on the 2nd weighing, the original lighter side is now heavier, then we know that one of the 3 balls we replaced is “different.” Weigh one of these against the other (3rd Weighing). If they are equal, the ball not weighed is “different” and heavier. Otherwise, the heavier ball is the “different” one (and is heavier).

If you get this right and can answer within the 30 minutes alloted for the interview, then you probably do deserve the job.

Source: ibankingfaq - click to check for more brain teaser Q&A

Investment banking interview

1 comment:

Tim said...
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