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Re: Number of 7yo children

Sprinker
New answer on Dec 04, 2023
4 Answers
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Anonymous A asked on Nov 30, 2023

Hi,

I understand that we can assume equal distribution among age groups, hence no. of new borns = 350M / 75.

However, with that assumption, wouldn't we have 350M/75 of 7yo children as well? Why would we need to take into account the 4% population growth over the last 7 years in this case?

Hope you can help me clear this part, thank you!

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Hagen
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updated an answer on Nov 30, 2023
#1 Bain coach | >95% success rate | interviewer for 8+ years | mentor and coach for 7+ years

Hi there,

Thank you very much for this question. I would be happy to share the solution to it:

  • Since 7 years ago, there weren't 350m inhabitants in the US but less, you need to account for that population growth over these 7 years. You could, of course, alternatively calculate 350m ÷ (1 + 4%) and then divide that result by 75.

If you would like a more detailed discussion on how to best prepare for your upcoming interviews, please don't hesitate to contact me directly.

Best,

Hagen

(edited)

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Anonymous A on Dec 06, 2023

Hi, thank you for your prompt response! I get the idea, thank you for the explanation!

Hagen on Dec 06, 2023

Sure, always happy to help!

Pedro
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replied on Dec 01, 2023
Bain | Roland Berger | EY-Parthenon | Mentoring Approach | 30% off first 10 sessions in May| Market Sizing | DARDEN MBA

Here's the thing. For simplification purposes, we tend to assume that there's equal distribution among age groups.

In reality… IT IS NOT TRUE. Usually we talk about the age pyramid, not the age cube, because in most countries (and in nature) the “base” of the pyramid tends to be larger.

The fact that the population is growing suggests that the base of the pyramid may be larger.

So it is easier and wiser to assume that the base includes it's “fair share” of people (equal distribution) + that 4% of population increase.

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Anonymous A on Dec 06, 2023

Hi, thank you for your insightful explanation! Got it much clearer now, much appreciated!

Ian
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replied on Dec 04, 2023
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate

Hi there,

Just a few things to add:

  • Good thinking on growth (it's a good thing to flag to interviewer!)
  • Cases almost always have some form of “over” simplification
  • Remember that you might need to consider/think about age splits in countries where there is absolutely a big difference (Japan, India, etc.)
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Anonymous A on Dec 06, 2023

Hi, thank you for your notes - really insightful and reminded me to connect it to the actual situation rather than just pure simplification!

Ian on Dec 06, 2023

My pleasure!

Cristian
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Content Creator
replied on Dec 02, 2023
#1 rated MBB & McKinsey Coach

I see you already received a few useful answers, so I'll only confirm that the flat distribution is quite common when looking at ages. 

Of course, in practice, you don't have the same amount of people born across decades. 

Sharing with you an additional resource that you might find useful for casing, in particular around maths - a list of the most common terms that show up in interviews:


Good luck!
Cristian

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Anonymous A on Dec 06, 2023

Hi Cristian, thank you so much for the note and reference source - it was well summed-up!

Cristian on Dec 06, 2023

Happy to hear you found it useful :)

Hagen gave the best answer

Hagen

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