Back to overview

Answer required - need your help

Hello everyone, 

Recently, I have given the test for one of the companies and got all answers to all the questions except one which I have mentioned below. Would you guys be kind to answer that one question so that I can know if I am right or wrong? Thank you very much for your time.

My answer is 2.1 but not sure. 

-1664089860-q9swxykhlfp1.png
14
2
1.5k
Be the first to answer!
Nobody has responded to this question yet.
Top answer
Profile picture of Deleted
Deleted
Coach
on Sep 25, 2022
Ex-Bain Manager | Final Round Interviewer & Recommender for Bain | Summer Program Lead

Total number of cars per household should be 2.7. 

Here's the way i'd calculate: 

-1664123220-9pfd8egk55j2.png

Given you've cleared most of the test, i believe there shouldnt be any issues going on to the case interview. Good luck with that!

Want to learn more about this topic or join the discussion?
Sign up for free with PrepLounge and get access to first-hand insights from consulting experts, practical resources for your consulting interview preparation and an international community of candidates. Join the world’s largest case interview community.
Profile picture of Pedro
Pedro
Coach
on Sep 28, 2022
BAIN | EY-Parthenon | Roland Berger | Former Principal | FIT & PEI Expert

This one is very tricky, but mathematically is easy.
 

  • Average spend per family seems to be $950.
  • Average policy is $350.
  • So $950/$350 = 2.7

The rest of the information is irrelevant:

  • Number of families. irrelevant.  You don't have the total cost in the country. You already have the average cost per family, so you don't need this.
  • Families with cover: irrelevant. The policies are per car, not per family. Meaning that a family having 0 cars and another one 4 is the same as two families with 2 cars (although in the first case the “families with cover” ratio would be of 50%)…

Of course, let me say I don't see the point in this type of tricky tests.