Puzzle of the day :ANSWER POSTED
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Now assume you're so brilliant that you get job offers usually reserved for the Mensa guys which is the 98th percentile of the current population taking the test and you've got two offers on hand. One pays $ 180,000 per year with an annual increment raise of $ 20,000 while the other also pays the basic $ 180,000 per year with a guaranteed $5,000 raise every six months. you have 30 seconds to decide Which one should you take if you're not actually a schmuck deep down? -- modified at 17:31 Tuesday 16th January, 2007 Omit Needless Words - Strunk, William, Jr. JumpyForum:CP Message board | Universal DBA | Ajax Rating | ExplorerTree | | Globalization in 20 minutesWeb based project tracking -- modified at 19:34 Tuesday 16th January, 2007
It is my opinion that the failure to see the obvious is weighted heavily by those making honest mistakes, often through ignorance, with only a few people intentionally making misleading assertions. However, it is also my opinion that many of those making honest mistakes know better. But they are lazy. don't ask me to explain the hint
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Quartz... wrote:
...the Mensa guys which is the 98th percentile of the current population...
This could be interpreted in (two) different ways.
"Approved Workmen Are Not Ashamed" - 2 Timothy 2:15
"Judge not by the eye but by the heart." - Native American Proverb
you won't ask if you agree with the first assumption
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Quartz... wrote:
Which one should you take if you're not actually a schmuck deep down?
Considering both make great money, I'd take the one that's more interesting to me.
BW
Quick to judge, quick to anger, slow to understand.
Ignorance and prejudice and fear walk hand in hand.
-- Neil Peartbrianwelsch wrote:
I'd take the one that's more interesting to me.
and that is ?
Omit Needless Words - Strunk, William, Jr.
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you won't ask if you agree with the first assumption
Omit Needless Words - Strunk, William, Jr.
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Web based project trackingI fail to see your correlation. I was simply making the observation that folks belonging to Mensa are not "the 98th percentile of the current population." Worded correctly, members must score in the 98th percentile on standardized IQ tests. There's a big difference in what you wrote vs. what you meant.
"Approved Workmen Are Not Ashamed" - 2 Timothy 2:15
"Judge not by the eye but by the heart." - Native American Proverb
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I fail to see your correlation. I was simply making the observation that folks belonging to Mensa are not "the 98th percentile of the current population." Worded correctly, members must score in the 98th percentile on standardized IQ tests. There's a big difference in what you wrote vs. what you meant.
"Approved Workmen Are Not Ashamed" - 2 Timothy 2:15
"Judge not by the eye but by the heart." - Native American Proverb
DavidCrow wrote:
I fail to see your correlation
Was kidding , there is none current population, my bad , i meant the population giving the mensa test
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Now assume you're so brilliant that you get job offers usually reserved for the Mensa guys which is the 98th percentile of the current population taking the test and you've got two offers on hand. One pays $ 180,000 per year with an annual increment raise of $ 20,000 while the other also pays the basic $ 180,000 per year with a guaranteed $5,000 raise every six months. you have 30 seconds to decide Which one should you take if you're not actually a schmuck deep down? -- modified at 17:31 Tuesday 16th January, 2007 Omit Needless Words - Strunk, William, Jr. JumpyForum:CP Message board | Universal DBA | Ajax Rating | ExplorerTree | | Globalization in 20 minutesWeb based project tracking -- modified at 19:34 Tuesday 16th January, 2007
How about neither of them? Being so "brilliant", I can get a higher paying job, if that's what's really important. However, if I'm not "actuall a shmuck deep down", then maybe I don't care about the money, so long as I'm doing well enough and living in a place that I like. Perhaps I'll be a university professor doing research for far less than 180,000.
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Now assume you're so brilliant that you get job offers usually reserved for the Mensa guys which is the 98th percentile of the current population taking the test and you've got two offers on hand. One pays $ 180,000 per year with an annual increment raise of $ 20,000 while the other also pays the basic $ 180,000 per year with a guaranteed $5,000 raise every six months. you have 30 seconds to decide Which one should you take if you're not actually a schmuck deep down? -- modified at 17:31 Tuesday 16th January, 2007 Omit Needless Words - Strunk, William, Jr. JumpyForum:CP Message board | Universal DBA | Ajax Rating | ExplorerTree | | Globalization in 20 minutesWeb based project tracking -- modified at 19:34 Tuesday 16th January, 2007
Take them both. Did I just write that? :doh: Take both of them.
Todd Smith
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Now assume you're so brilliant that you get job offers usually reserved for the Mensa guys which is the 98th percentile of the current population taking the test and you've got two offers on hand. One pays $ 180,000 per year with an annual increment raise of $ 20,000 while the other also pays the basic $ 180,000 per year with a guaranteed $5,000 raise every six months. you have 30 seconds to decide Which one should you take if you're not actually a schmuck deep down? -- modified at 17:31 Tuesday 16th January, 2007 Omit Needless Words - Strunk, William, Jr. JumpyForum:CP Message board | Universal DBA | Ajax Rating | ExplorerTree | | Globalization in 20 minutesWeb based project tracking -- modified at 19:34 Tuesday 16th January, 2007
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Are you making a statement of some kind here? I fail to see the "puzzle" aspect of this.
Its a very simple objective question , and in a way its a real puzzle because, a lot of companies that trick you into a scam like that. you need to think hard before choosing your answer
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Its a very simple objective question , and in a way its a real puzzle because, a lot of companies that trick you into a scam like that. you need to think hard before choosing your answer
Omit Needless Words - Strunk, William, Jr.
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Web based project trackingWell I must be missing something here; clearly the first choice pays the most money over the long term, however the second choice pays the most money over the first 12 month period which could be a factor if you do not remain employed for the first full year. No puzzle there at all that I can see.
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Well I must be missing something here; clearly the first choice pays the most money over the long term, however the second choice pays the most money over the first 12 month period which could be a factor if you do not remain employed for the first full year. No puzzle there at all that I can see.
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I'm sure it's meant to be a serious puzzle but it still doesn't make sense to me. Faulty reasoning? :confused: http://www.cut-the-knot.org/arithmetic/Kline-Loyd.shtml[^] Perhaps Quartz could explain in his own words.:suss:
Huh, I think I see the difference. For some reason they assume that every six month your six-month salary will be raised by 50, which sums up to 100 rise/year instead of just 50/year as you might think if you rise your annual salary by 50 as it should be from the text :~
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Now assume you're so brilliant that you get job offers usually reserved for the Mensa guys which is the 98th percentile of the current population taking the test and you've got two offers on hand. One pays $ 180,000 per year with an annual increment raise of $ 20,000 while the other also pays the basic $ 180,000 per year with a guaranteed $5,000 raise every six months. you have 30 seconds to decide Which one should you take if you're not actually a schmuck deep down? -- modified at 17:31 Tuesday 16th January, 2007 Omit Needless Words - Strunk, William, Jr. JumpyForum:CP Message board | Universal DBA | Ajax Rating | ExplorerTree | | Globalization in 20 minutesWeb based project tracking -- modified at 19:34 Tuesday 16th January, 2007
Will go for the SECOND JOB for the obvious fact that it pays more at any point of time may it be one year, two year or even more let's see Now it's clear that if one worked for up to six months then both would pay the same – ie, 90,000 in all. But if one worked for six to 12 months then the second job would pay more because from the seventh month it would pay that much extra, adding up to 95,000 for the next six months. But what about subsequently? FOR FIRST JOB (20,000 inc, annualy) First year : would pay 90,000 + 90,000 = 180,000; Second Year : it will pay 100,000 + 100,000 = 200,000; Third year : 110,000 + 110,000 = 220,000. Total = 600,000. Whereas for the SECOND JOB (5000 inc, 6 monthly) First year: It would pay 90,000 + 95,000 = 185,000; Second year: 100,000 + 105,000 = 205,000; Third year: 110,000 + 115,000 = 225,000. Total = 615,000 So what will you go for again ? Beware a lot of companies DO trick people into a scam like that. have a good day !
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I'm sure it's meant to be a serious puzzle but it still doesn't make sense to me. Faulty reasoning? :confused: http://www.cut-the-knot.org/arithmetic/Kline-Loyd.shtml[^] Perhaps Quartz could explain in his own words.:suss:
posted the answer check if that satisfies you
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Quartz... wrote:
One pays $ 180,000 per year with an annual increment raise of $ 20,000 while the other also pays the basic $ 180,000 per year with a guaranteed $5,000 raise every six months.
The first offer's 20K raise is not guaranteed?
Regards, Nish
Nish’s thoughts on MFC, C++/CLI and .NET (my blog)
Currently working on C++/CLI in Action for Manning Publications. (*Sample chapter available online*)Omit Needless Words - Strunk, William, Jr.
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Are you making a statement of some kind here? I fail to see the "puzzle" aspect of this.
have posted the solution here[^] see for yourself
Omit Needless Words - Strunk, William, Jr.
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Will go for the SECOND JOB for the obvious fact that it pays more at any point of time may it be one year, two year or even more let's see Now it's clear that if one worked for up to six months then both would pay the same – ie, 90,000 in all. But if one worked for six to 12 months then the second job would pay more because from the seventh month it would pay that much extra, adding up to 95,000 for the next six months. But what about subsequently? FOR FIRST JOB (20,000 inc, annualy) First year : would pay 90,000 + 90,000 = 180,000; Second Year : it will pay 100,000 + 100,000 = 200,000; Third year : 110,000 + 110,000 = 220,000. Total = 600,000. Whereas for the SECOND JOB (5000 inc, 6 monthly) First year: It would pay 90,000 + 95,000 = 185,000; Second year: 100,000 + 105,000 = 205,000; Third year: 110,000 + 115,000 = 225,000. Total = 615,000 So what will you go for again ? Beware a lot of companies DO trick people into a scam like that. have a good day !
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Web based project trackingFirst Job : 3 years : 600, 000 - I agree. Second job, your calculations don't seem to be right.
Quartz... wrote:
First year: It would pay 90,000 + 95,000 = 185,000; Second year: 100,000 + 105,000 = 205,000; Third year: 110,000 + 115,000 = 225,000. Total = 615,000
Here's why. The 6 months hike of 5,000 is on the annual salary. So initially his base pay was 180K (90K for 6 months). After 6 months it becomes 185K (92.5K for the next 6 months). Every 6 months, his 6-monthly pay gets increased by 2,500. So here goes :- First year 90 + 92.5 = 182.5K Second year 95 + 97.5 = 192.5K Third Year 100 + 102.5 = 202.5K Total at the end of 3 years :- 575 K So I'd definitely go for Job # 1.
Regards, Nish
Nish’s thoughts on MFC, C++/CLI and .NET (my blog)
Currently working on C++/CLI in Action for Manning Publications. (*Sample chapter available online*) -
have posted the solution here[^] see for yourself
Omit Needless Words - Strunk, William, Jr.
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Web based project trackingQuartz... wrote:
have posted the solution here[^] see for yourself
I've replied to your solution, which I believe is not right. To make your solution right, the original puzzle has to be reworded.
Regards, Nish
Nish’s thoughts on MFC, C++/CLI and .NET (my blog)
Currently working on C++/CLI in Action for Manning Publications. (*Sample chapter available online*) -
First Job : 3 years : 600, 000 - I agree. Second job, your calculations don't seem to be right.
Quartz... wrote:
First year: It would pay 90,000 + 95,000 = 185,000; Second year: 100,000 + 105,000 = 205,000; Third year: 110,000 + 115,000 = 225,000. Total = 615,000
Here's why. The 6 months hike of 5,000 is on the annual salary. So initially his base pay was 180K (90K for 6 months). After 6 months it becomes 185K (92.5K for the next 6 months). Every 6 months, his 6-monthly pay gets increased by 2,500. So here goes :- First year 90 + 92.5 = 182.5K Second year 95 + 97.5 = 192.5K Third Year 100 + 102.5 = 202.5K Total at the end of 3 years :- 575 K So I'd definitely go for Job # 1.
Regards, Nish
Nish’s thoughts on MFC, C++/CLI and .NET (my blog)
Currently working on C++/CLI in Action for Manning Publications. (*Sample chapter available online*)Nishant Sivakumar wrote:
hike of 5,000 is on the annual salary
???? the question says with a guaranteed $5,000 raise every six months. why will it be on the annual salary ? as per your explaination , it needs to be $5,000 raise every 12 months, not 6 months then only you can count 2500 for 6 months -- modified at 19:52 Tuesday 16th January, 2007 -- modified at 19:53 Tuesday 16th January, 2007
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Will go for the SECOND JOB for the obvious fact that it pays more at any point of time may it be one year, two year or even more let's see Now it's clear that if one worked for up to six months then both would pay the same – ie, 90,000 in all. But if one worked for six to 12 months then the second job would pay more because from the seventh month it would pay that much extra, adding up to 95,000 for the next six months. But what about subsequently? FOR FIRST JOB (20,000 inc, annualy) First year : would pay 90,000 + 90,000 = 180,000; Second Year : it will pay 100,000 + 100,000 = 200,000; Third year : 110,000 + 110,000 = 220,000. Total = 600,000. Whereas for the SECOND JOB (5000 inc, 6 monthly) First year: It would pay 90,000 + 95,000 = 185,000; Second year: 100,000 + 105,000 = 205,000; Third year: 110,000 + 115,000 = 225,000. Total = 615,000 So what will you go for again ? Beware a lot of companies DO trick people into a scam like that. have a good day !
Omit Needless Words - Strunk, William, Jr.
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Web based project trackingHmmm... Many people would have read it as (for the second job), that the $5000 increments were in terms of yearly salary. Therefore the calculations for each year would be: First year: It would pay 180,000 * 0.5 + 185,000 * 0.5 = 182,500; Second year: 190,000 * 0.5 + 195,000 * 0.5 = 192,500; Third year: 200,000 * 0.5 + 205,000 * 0.5 = 202,500. Total = 577,500 Just because job 2 gives a raise (assumed to be an annual salary raise) doesn't mean you get that entire $5,000 in the remaining 6 months of the year: you would only get 6 months pro rata. (I know this is how it works with my pay. I wish it was calculated your way.) :)