Multiple choice

Passage

Study the given information carefully to answer the questions. In an E-commerce company-Liftkart, the growth of the company is driven by the increase in the number of people buying online and the increase in the number of people selling online. In 2020, it was expected that total 100 million people would buy products online in Japan that would be 20% of the total population of Japan and 2% of the total population of Japan would sell products online. If in 2021, the population of Japan was increased by 10% over the previous year together with the total number of people who bought products online was increased by 20% over the previous year and the number of sellers remained constant then in the year 2021 the Industry revenue was $ 50 billion.

In each of the following questions, read the given statement and compare the Quantity I and Quantity II on its basis. (only quantity is to be considered) Quantity I : Probability of obtaining a score of 7 with two fair dice Quantity II : Probability of obtaining two tails and one head when three coins are tossed

  1. Quantity : I > Quantity : II

  2. Quantity : I ≥ Quantity : II

  3. Quantity : I < Quantity : II

  4. Quantity : II ≥ Quantity : I

  5. Quantity I = Quantity II or relation can't be established
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Quantity I: P(sum of 7) = favorable/total = 6/36 = 1/6 ≈ 0.167. The pairs summing to 7 are: (1,6), (2,5), (3,4), (4,3), (5,2), (6,1). Quantity II: P(2 tails, 1 head) = 3C2/8 = 3/8 = 0.375. Since 0.375 > 0.167, Quantity II > Quantity I.

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