Read the following case and choose the best alternative.
Ranjan Tuglak, the youngest cabinet minister of the newly elected coalition, glanced through the notes prepared by his secretary regarding the recent controversies on racket, the most popular game of the country. While International Racket Association (IRC) has agreed to implement Drug Testing Code (DTC) promoted by World Athletic and Gamer Federation, Racket Club which controls the entire racket related activities (unlike any other sports and games of the country) had some reservations regarding the initiative. Majority of the citizens waited for the international competitions eagerly and were fanatical about their country's participation in them. As a result of the popularity of the game, 70% of the total revenue associated with the game originates from the country. Hence Racket Club has high bargaining power with IRC and can change any decision that is not aligned with its interests. Three most popular and senior players, including the captain, are against the application of DTC citing security reasons. A decision against the interests of these players may result in law and order problems throughout the country. Other players support the decision of their senior colleagues and if Racket Club refuses to agree, players may support Counter Racket Club, a new national level initiative. Counter Racket Club may threaten the monopoly of Racket Club, if it succeeds to attract some popular racket players.
Ranjan's father had been forced to resign from politics due to alleged corruption charges. Ranjan had completed his entire education from abroad before returning to join politics. He is a great soccer player and has major reservations against racket. According to him, racket has negative influence on the country's youth and diverts their attention from productive work. He also considers drug testing as an essential feature for any sports and games across the world. As the new cabinet minister for Youth and Sports he needs to take some important decisions on this controversial issue.
According to DTC, each athlete/sportsperson need to submit a schedule for three months (in advance) that specifies an hour each day when they can be randomly tested for drugs. DTC also assured the confidentiality of the submitted schedule by
(i) limiting the access of player-supplied information to two senior officers,
(ii) these officers will have the internet based access only to the schedule of those sports persons who are randomly selected for testing (and not of everyone) and
(iii) introducing similar security features for DTC database as in case of financial institutions. Top three popular players realize that no reason other than security can help them to get a favourable decision from Ranjan. Hence during discussions they should focus on all options except
For the following questions answer them individually
In a circular field, AOB and COD are two mutually perpendicular diameters having length of 4 meters. X is the mid - point of OA. Y is the point on the circumference such that ∠YOD = 30°. Which of the following correctly gives the relation among the three alternate paths from X to Y?
Let X be a four - digit positive integer such that the unit digit of X is prime and the product of all digits of X is also prime. How many such integers are possible?
There are two types of employees in Sun Metals, general graduates and engineers. 40% of the employees in Sun Metals are general graduates, and 75% of the engineers earn more than Rs. 5 lakh/year. If 50% of the organisation’s employees earn more than Rs. 5 lakh/year, what proportion of the general graduates employed by the organisation earn Rs. 5 lakh or less?
In an equilateral triangle ABC, whose length of each side is 3 cm, D is the point on BC such that BD = ½ CD. What is the length of AD?
Two poles of height 2 meters and 3 meters are 5 meters apart. The height of the point of intersection of the lines joining the top of each poles to the foot of the opposite pole is,
A manufacturer has 200 litres of acid solution which has 15% acid content. How many litres of acid solution with 30% acid content may be added so that acid content in the resulting mixture will be more than 20% but less than 25%?
Answer questions based on the following information:
An automobiles company’s annual sales of its small cars depends on the state of the economy as well as on whether the company uses some high profile individual as its brand ambassador in advertisements of its product. The state of the economy is “good”, “okay” and “bad” with probabilities 0.3, 0.4 and 0.3 respectively. The company may choose a high profile individual as its brand ambassador in TV ads or may go for the TV ads without a high profile brand ambassador.
If the company fixes price at Rs. 3.5 lakh, the annual sales of its small cars for different states of the economy and for different kinds of TV ads are summarized in table 1. The figures in the first row are annual sales of the small cars when the company uses a high profile individual as its brand ambassador in its TV ads and the ones in the second row are that when the company does not use any brand ambassador in TV ads, for different states of the economy.
Table 1:
Without knowing what exactly will be the state of the company in the coming one year, the company will either have to sign a TV ad contract with some high profile individual, who will be the company’s brand ambassador for its small car for the next one year, or go for a TV ad without featuring any high profile individual. It incurs a cost of Rs. 3.45 lakh (excluding the payment to the brand ambassador) to put a car on the road.
When the company’s profit is uncertain, the company makes decisions on basis of its expected profit. If the company can earn a profit xi with probability pi (the probability depends on the state of economy), then the expected profit of the company is $$\sum_1XiPi$$
Mr. Khan a popular film actor, agrees to sign the contract to become the company’s brand ambassador for Rs. 9 crore. The cost to the company of putting a car on the road also got escalated. The maximum escalation in cost of putting a car on the road, for which the company can afford to sign the contract with Mr.Khan is
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