Prep Introduction Notes (Management)
Prep Introduction Notes (Management)
Guessing
You should guess in two situations:-
1- If you do not know how to answer a question, you should guess.
2- If you are near the end of a test section, and time is running out, guessing
becomes an important.
There are two kinds of guessing, random guessing and educated guessing
(intelligent guessing)
The probability of selecting the correct answer by random guessing is 1 out of 5
or 20%, but if you have had time to eliminate two answers, the probability is 33%
and if you can eliminate three answers, you have a 50% chance of guessing the
correct answer.
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So, there is a difference between random and educated guessing. Elimination of
three answers should be possible for most questions.
4- If a problem involves unites, keep track of unites. Make sure your answer has the
correct unites.
ISO British
Length cm, m, km inch, foot, yard
1 m = 100 cm 1 foot = 12 inches
1 km = 1000 m 1 yard = 3 feet
Mass gm, kg ounce (oz), pound (lb)
1 kg = 1000 gm 1 pound = 16 ounces
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7. Translate the information you are given into numerical or algebraic equations to
start working a problem.
Data Sufficiency
This type of questions is designed to test your reasoning ability. Each Data
Sufficiency problem contains a question followed by two statements labeled (1) and
(2). You do not need to solve the problem; rather you must decide whether the
information given is sufficient to answer the question or not.
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Test taking tactics for Data Sufficiency questions:
1. Make sure you understand the directions.
2. Do not waste time figuring out the exact answer.
3. Don’t make extra assumptions.
Use the information given and facts that always true.
Example 4
The profits of a company are the revenues the company receives minus the cost that
the company pays. How much were the profits of the xyz company in 2006?
(1) The xyz company had revenues of $112,234,567 in 2006
(2) The costs of the xyz company were $102,479,345 in 2006
4. In many cases you can use simple values to check quickly whether a statement
follows from a given statement.
Example 5
Is k a multiple of 6?
(1) k is a multiple of 3
(2) k is a multiple of 12
5. Remember if there is sufficient information to show that the answer to the question
is NO, that means that there is sufficient information to answer the question.
Example 6
Is n an even integer?
(1) n = 3k , for any integer k
(2) n = 2j + 1 , for any integer j