SAMPLE ENTRANCE EXAM FOR FINANCIAL ENGINEERING INSTITUTE FOR FINANCIAL MANAGEMENT AND RESEARCH

Probability:
Q1 (a) While leaving IFMR campus yesterday, I met a woman who said to me: I have two children, one of whom is a boy. Whats the probability that her other child is a boy? (b) While entering IFMR campus today, I met a man who said to me: I have two children, the elder of whom is a boy. Whats the probability that his other child is a boy?

Q2. Determine the number of 5-letter words that can be formed under the following restrictions: (a) Each word should have at least one repeated letter (b) All letters should be distinct and should be present in alphabetical order

Q3. A teacher wants to estimate the proportion p of his students who have cheated on their Calculus exam. Accordingly, he prepares a box of 100 cards, 20 of which contain Question A: Question A: Were you born in either January or June? The other 80 cards contain Question B: Question B: Did you cheat on your Calculus exam? Each of the N sampled students independently and randomly draws (with replacement) a question from the box and answers yes or no to the question. Due to the confidentiality thus assured, students are assumed to answer truthfully. The teacher knows from the college records that 1/ 6 of his students were born in either January or June. What is the probability that a student answers yes?
29 4 1 4 (i) p + p 30 5 30 5 29 4 (ii) p 30 5 1 4 (iii) + p 30 5 (iv) None of the above

Note: While the difficulty level of questions tested in the actual exam will be at par with that of the above questions, the actual exam might not follow the same pattern.

SAMPLE ENTRANCE EXAM FOR FINANCIAL ENGINEERING INSTITUTE FOR FINANCIAL MANAGEMENT AND RESEARCH

Calculus:
Q4. A ladder 20 feet long is placed against a wall. The foot of the ladder begins to slide away from the wall at the rate of 1 ft/sec. How fast is the top of the ladder sliding down the wall when the foot of the ladder is 12 feet from the wall? Q5. A stalagmite has the shape of a perfect circular cone. Its height is 200 mm and is increasing at a rate of 3 mm per century. Its base radius is 40 mm and is decreasing at a rate of 0.5 mm per century. Is its volume increasing or decreasing, and at what rate? Volume of cone of height h and radius r is given by 1/3**r2*h (i) decreasing at 1600/3 mm3 per century (ii) decreasing at 3200/3 mm3 per century (iii) increasing at 1600/3 mm3 per century (iv) increasing at 3200/3 mm3 per century Q6. In the kinetic theory of gases, the distance X, that a molecule travels before colliding with another molecule can be described probabilistically by an exponential random variable with density function fX(x) = (1/ ) ex/ , x > 0, where > 0 is some known constant. Physicists denote the average distance between collisions as the mean free path and define it by the expression

m = xf X ( x)dx
0

Which of the following denotes the mean free path for the given distribution? (i) (ii) (iii) (iv) 1/ e e-

Note: While the difficulty level of questions tested in the actual exam will be at par with that of the above questions, the actual exam might not follow the same pattern.