Sunday, December 27, 2015

Road to ISB..(and Carnegie Mellon)

Road to ISB..(and Carnegie Mellon)

Beyond the GMAT hype

                It’s interesting to think that I have come a long way in a year or so when I truly began my preparation for GMAT. Back then I used to think (as I am sure most of us think) that GMAT score is the road to a great school. Little did I realize that every step beyond the GMAT hype will be a challenge in itself. I mean, come to think of it. When you study for the GMAT, you are competing with yourself or, as I liked to think, trying to outsmart the famed GMAT algorithm. But once you are done with the GMAT, you compete with otherswho come with stellar profiles and very similar GMAT score. Just to make sure all of us are on the same page. You apply to schools after you have taken your  GMAT test. The schools may accept or reject your application. If accepted, you will be called for an interview. Post interview  you may be accepted or rejected. So what separates a good prospect from a great prospect for a school. Believe it or not the GMAT score is just a part of your entire profile that the school considers. There is a lot more to it. Your extracurricular participations, your on the job achievements, and your participation in the society really stands to differentiate you from a sea of applicants with similar profiles. If you have had a stellar career growth, your chances of being accepted increase. As I come from a PSU background, my chances of an extraordinary or even anything but ordinary was zero by hundred. So I had to perform well within my role to differentiate myself from others coming with a similar profile. The fact that my work involves not just a lot of mathematics but also decision making helped. You need to excel, or at least perform better than a rub of the mill guy(or girl), to carve out a space for yourself. This is especially true I believe for people coming from an IT background. Your engagement with society matters too in the eyes of Adcom and also for your overall development. While you are preparing for the test, don’t confine yourself to the luxury of the four walls of your room. Go out, get involved - An NGO or any other organization that appeals to you. Another piece of advice that I would like to give to those eying a seat at the most coveted colleges in the world is invest in yourself. Develop a personal brand that shows that you really takes yourself very seriously. For example, take the online courses from Coursera, Udemy, etc. to learn stuffs that you would want to do or are interested in. I took a few courses and they asked me about it during my interviews! It worked I guess. Most importantly get your basic application right. The essays, the goals, plan A and even plan B after an MBA. I was fortunate to work with some really good people in this regard. Perhaps the best help I received was prior to my interview at the Tepper School of Business from the guys at interviewbay. The mock interview with a Harvard graduate,Brad, was an eye opener in many ways. I did not have the luxury to invest in those big consultants that claim to virtually guarantee you a place in the schools, so I guess I had to play it smart. In the end, I was interviewed by the Tepper School of Business, ISB and IIM B. Not a bad return on investment I would say. I got into Tepper and ISB. I don’t know about IIM B. Probably they dinged me; I am not sure. And for very personal reasons I chose to attend ISB in 2016.
But having said all that, I will not like to take anything away from the importance of GMAT- especially for Indians because on an average we score quite high. So a fairly good GMAT score becomes a given for us. So for all those aspiring to be in that class of 20XX photograph in your dream school work on your profiles as well as GMAT. Best of luck.
Anyone who would like to reach out, I will be happy to help you until I begin the chapter 2 of my life. I can be reached on ranjan.rahul885@gmail.com.

Edit: It turns out that IIM didn't ding me after all! What an irony! I tried my hand at CAT a couple of times. Needless to say, i performed hopelessly. Probably I was under a lot of pressure to perform. And when I least needed it, they turn up with an offer- EPGP nonetheless.


Tuesday, December 1, 2015

Averages and Mixtures Demystified - Road to GMAT Q51

Averages and Mixtures Demystified

Most of us must have at least once in our lives spent some time on the see-saw with our friends. How about using them to solve the problems of Mixtures and Alligation, and Averages. Yes, you heard it right. Math is fun after all. Let us rewind our lives to the point when we used to have fun on the seesaws.



I was quite skinny when I was young (don’t ask me what I look like nowJ). Consequently, I had to use the long handle to balance the “normal” guy on the other side.


Fig

·       
In fig 1,

 a)   A is heavier than B (that’s me).
 b)   L1=L2

Clearly the see-saw is unbalanced.  In order to balance the seesaw. Either B must go further away from the support or fulcrum, which essentially means going out the frame, or A must come closer to fulcrum. See fig 2. 



What is the underlying physics behind this? The equation that governs where one needs to sit in order to balance the seesaw about the support is
(a)  x (L1) = (b)  x  (L2)…………….  Eq (1)
Where
     A, B= weights of A and B respectively
     L1 and L2= Distance of A and B from the fulcrum. 
Now, you can think of the fulcrum or the support as the point where the average weights of A and B is balanced. Let’s call the average weight as ‘M’. If either the length or the weight of our guy A is increased. The equilibrium is disturbed. B must move further from M to maintain M at the same place, or increase his weight in some way to maintain Eq 1.

Now what does this all have to do with averages or mixtures?

Well, we can use Eq 1 and its implications to solve problems of averages and mixtures. Let’s focus on averages first.


    Consider this problem

Q1.) What is the average weight of a fruit bag containing 1 orange of 100gms and 1 apple of 200gms? (Consider the weight of the bag negligible)

It is easy to solve average M= (100+200) /2 = 150gms 
Let us use the graphical implications of the problem. M=150;






And the equation= L1xA=L2xB
                                        Or
                                   50x1=50x2;
What if we didn’t know the value of M? can we still use Eq 1. Well that’s the plan!
                                           (M-150)x1= (200-M)x1
=> 2M=300
=>   M=150


Are we making matters difficult for ourselves? No, we are making it easier. How? Let’s me add complications to the question we just discussed.

Q2.) What is the average weight of a fruit bag containing 10 orange of 100gms and 5 apple of 200gms? (Consider the weight of the bag negligible)

Using Eq 1.  



(Why 200-M and not M-100 you may ask? Well Average can’t be greater than the maximum value of an individual element)
  ð  (M-100)x10= (200-M)x5
  ð  15M=2000
  ð  M=133.33

Now, how do we use this to solve slightly difficult problems? Let’s take a slightly difficult problem.

Q3)  A batsman scores with an average of 49 runs in 99 innings. How many should he score in his 100th match to take his career average to 50 runs?




To solve this question let us introduce two more variables in place of 100gms and 200gms used in Q2 and Q3. Let’s call them n1 and n2

So
L1=M-n1
L2=n2-M
The eq1 becomes
L1xA=L2xB
=>            (M-n1)x A = (n2-M)xB



And by extension

………………eq2

……………………………………. using the identity – [a/b]=[c/d] =[(a+c)/(b+d)]

Let us look at the question now armed with eq




So we have by virtue of Eq 2



Solving, you can get n2=149;
Another way to look at this is the extra runs, n2-49, has to be distributed among all the innings (99+1) in such a way that that the average is 50. So he needs 1 more run for each of his 99 innings to compensate for the average. And 50 more in the last inning to maintain the average. Or he needs to score
                              99 +50 =149.
There are many variants of Eq 2 that you may find in literature. However, I like to write them down in a full equation and solve.

Mixtures

How can we use the concept developed for averages in mixtures problems? Well they are not much different to be honest.

Let’s look at a 600 level (according to GMATClub) problem to understand this

Q1) Krisp cereal is 10% sugar by weight. Brano cereal is 2% sugar by weight. If you wanted to make the mixture 4% sugar by weight what should the ratio of Krisp to Brano.

so we have 



Or 6/A=2/B
A/B = 3:1

Note- An interesting thing to note here is that, if A=B, then the average will be 6%. But in the question the average is 4%. 4% is closer to n1 or 2%. So A must be greater than B to balance out. Recall the see-saw, where to counter my heavier friend I needed a longer handle (or Torque for the engineers out there!). Consequently A/B will be greater than 1. If the question asked us to find the ratio if the average % was 8% (closer to n2). Then A/B would have been less than 1. Actually A/B = 1:3. (You can imagine the central point or the strength of the solution as the center or the fulcrum of the see-saw and imagine the equilibrium conditions). This is a very important observation. If a question like this appears on the test. Chances are that you will get half of the ratios less than one and half greater than one. You can eliminate half of the options using this simple analysis. Saves time! J


Let’s take a 700 level question
Q2) A tank holds x gallons of a saltwater solution that is 20% salt by volume. One Fourth of the water is evaporated, leaving all of the salt. When 10 Gallons of water and 20 gallons of salt are added, the resulting mixture is 33 1/3 % salt by volume. What is the value of x?

A. 37.5
B. 75
C. 100
D. 150
E. 175

                                 20% salt implies that = 20 units salt and 80 units water. If ¼ of water evaporates, that is (80/4=) 20 units of water is lost. (Don’t try to evaporate salt please J) You are level with 60 units water. So new strength of the solution after evaporation= 20/ (20 + 60) 0r Y gallons of 1/4 (25%) strength. (It is no longer X gallons. Since part of the water evaporated, right). 
                                 10 gallons of water + 20 gallons of salt = 30 gallons of 2/3 (66.67 %) strength.
So our figure becomes



Or
Y= 120 gallons

So we have 1/4 (25%) strength 120 gallons solution.
Or 30 gallon of salt and 90 gallon water. But 90 gallon is 3/4 of water before evaporation. Or the total water before evaporation
90*4/3=120

So, X= 150 



Note that the question can be solved differently in many ways. One of them is by pure algebra.
x= salt + water
  = 0.2x + 0.8x
When 1/4 of 0.8x evaporates. You are left with 0.6x
Adding 10 gallons of water and 20 gallons of salt. New solution becomes



Solving, X=150

The Idea is to introduce the concept using a fun filled yet powerful analogy, so that the questions can be solved intuitively. Besides, it is a very good way to visualize the problem.
CheersJ

I can be reached on ranjan.rahul885@gmail.com