q: An equity analyst needs to select 4 stocks for the upcoming year and rank these securities in terms of their investment potential. If the analyst has narrowed down the list of potential stocks to 5, in how many ways can she choose and rank her top 4 picks?
Options:
(A) 210
(B) 350
(C) 110
(D) 120
(E) 840
a: Stream of consciousness: Number of ways of ch0osing 4 stocks = 5C4
Number of ways of ranking the chosen stocks = 4!
Hence total ways of chosing and ranking = 5C4 * 4! = 120 The answer is (D).

question: An analyst will recommend a combination of 3 industrial stocks, 2 transportation stocks, and 2 utility stocks. If the analyst can choose from 4 industrial stocks, 5 transportation stocks, and 3 utility stocks, how many different combinations of 7 stocks are possible?
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Options:
(A) 12
(B) 19
(C) 60
(D) 180
(E) 720
answer: Stream of consciousness: 4C3 * 5C2 * 3C2 = 4*60*3 = 720. The answer is (E).

q: Two pipes can fill a tank in 20 and 24 minutes respectively and a waste pipe can empty 3 gallons per minute. All the three pipes working together can fill the tank in 15 minutes. The capacity of the tank is?
Options:
(A) 60 gallons
(B) 100 gallons
(C) 120 gallons
(D) 180 gallons
(E) 130 gallons
a: Stream of consciousness: Work done by the waste pipe in 1 minute = 1/15 - (1/20 + 1/24) = - 1/40
Volume of 1/40 part = 3 gallonsVolume of whole = 3 * 40 = 120 gallons. The answer is (C).

question: A man buys two articles for Rs.1980 each and he gains 10% on the first and loses 10% on the next. Find his total gain or loss percent?
Options:
(A) 15
(B) 67
(C) 18
(D) 19
(E) 12
answer: Stream of consciousness: 90 * 10/60 = 15 kmph The answer is (A).

q: At a meeting of the 5 Joint Chiefs of Staff, the Chief of Naval Operations does not want to sit next to the Chief of the National Guard Bureau. How many ways can the 5 Chiefs of Staff be seated around a circular table?
Options:
(A) 120
(B) 480
(C) 960
(D) 2520
(E) 5040
a: Stream of consciousness: Bunuel, I'm also a little confused with the number of arrangements of n distinct objects in a circle. Why is it given by (n-1)!. In theveritasanswer they say:answer D (2520), should be the number of ways to arrange all 7 without the seating restriction given. Is this incorrect? The answer is (D).

q: A owes B Rs.50. He agrees to pay B over a number of consecutive days on a Monday, paying single note or Rs.10 or Rs.20 on each day. In how many different ways can A repay B.
Options:
(A) 2
(B) 8
(C) 9
(D) 6
(E) 5
a:
Stream of consciousness: He can pay by all 10 rupee notes = 1 way
3 Ten rupee + 1 twenty rupee = 4!3!1!4!3!1! = 4 ways
1 Ten rupee + 2 twenty rupee notes = 3!2!1!3!2!1! = 3 ways
Total ways = 1 + 4 + 3 = 8 The answer is (B).