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Rocky mountain institute Interview Questions and Answers
Ques:- Rs.4500 amounts to Rs.5544 in two years at compound interest, compounded annually. If the rate of the interest for the first year is 12%, find the rate of interest for the second year?
Right Answer:
The rate of interest for the second year is 8%.
Ques:- If the area of circle is 616 sq cm thenWhat is its circumference?
Right Answer:
The circumference of the circle is 88 cm.
Comments
Meghana.N Aug 5, 2021

Answer:50.24
Explanation:
Area of a circle =π*r*r
616=π*r*r
r*r= 616÷3.14
r*r =196
r =13
Circumference of a circle= 2*π*r
=2*π*13
=16*3.14=50.24

Ques:- Eight persons – P, Q, R, S, T, U, V and W are sitting around a circular table. S is to the immediate right of W. V is not next to either R or T. W is to the immediate right of T, who is sitting opposite to R. U and W are sitting opposite to each other. If V is to the immediate left of P, then who is to the immediate left of R?
Right Answer:
S is to the immediate left of R.
Comments
Pawan Jul 18, 2021

U is the answer as
T is sitting opposite to R and W is sitting opposite to U

Richa Feb 24, 2021

Q

Ques:- Out of 10 persons working on a project, 4 are graduates. If 3 are selected, what is the probability that there is at least one graduate among them?
Right Answer:
The probability that there is at least one graduate among the selected 3 persons is 0.784.
Comments
Admin Sep 28, 2022

Out of 10 persons, 4 are graduates; so, (10 - 4) = 6 are under-graduates.

If there is no restriction, any three can be chosen from the ten in (10C3) = 120 ways.

Now, if all three chosen are under-graduates; it can take place in (6C3) = 20 ways.

Therefore, the probability that there will be no graduate among the three chosen = (20 / 120) = (1 / 6).

Therefore, the probability that there will be at least one graduate among the three chosen = {1 - (1 / 6)} = (5 / 6) = 0.8333.

Ques:- Axman travels 7 km towards south and then 5 km towards his left. He further travels 5 km towards south. How far is he from the starting point?
Right Answer:
Axman is 12 km from the starting point.
Ques:- What are the fields used for Project Planning in Ms Project?
Right Answer:
The fields used for Project Planning in MS Project include:

1. Task Name
2. Duration
3. Start Date
4. Finish Date
5. Predecessors
6. Resources
7. Percent Complete
8. Work
9. Cost
10. Milestones
Ques:- Explain in brief about the Documentation – CFD, DFD, Functional Documentation.
Right Answer:
**CFD (Context Flow Diagram)**: A high-level diagram that shows the flow of information between external entities and the system, helping to define system boundaries and interactions.

**DFD (Data Flow Diagram)**: A visual representation that illustrates how data moves through a system, detailing processes, data stores, and data flows, typically used to analyze and design systems.

**Functional Documentation**: A comprehensive document that outlines the functionalities of a system, including requirements, use cases, and specifications, serving as a guide for development and testing.
Ques:- In order to attract deposits, banks offer various types of products with distinguishing features. As a student of banking law do you observe any challenge/threat from money laundering for banks in this struggle? Discuss
Right Answer:
Yes, banks face significant challenges from money laundering when attracting deposits. Money laundering can lead to reputational damage, regulatory penalties, and financial losses. Banks must implement strict compliance measures and due diligence processes to detect and prevent illicit activities, which can complicate their efforts to attract legitimate deposits.
Ques:- Given Data for doing different formats like pivot, and matching the data for another data
Right Answer:
To analyze data for different formats like pivot tables and matching datasets, you should:

1. **Identify Key Variables**: Determine the key fields that will be used for matching and pivoting.
2. **Clean the Data**: Ensure that the data is free from duplicates, errors, and inconsistencies.
3. **Use Pivot Tables**: Create pivot tables to summarize and analyze the data by aggregating values based on categories.
4. **Match Data**: Use functions like VLOOKUP or JOIN operations in SQL to match data from different sources based on the identified key variables.
5. **Validate Results**: Check the accuracy of the matched data and the pivot table outputs to ensure they meet business requirements.
Ques:- What are the different types of data analysis
Right Answer:
The different types of data analysis are:

1. Descriptive Analysis
2. Diagnostic Analysis
3. Predictive Analysis
4. Prescriptive Analysis
5. Exploratory Analysis
Ques:- What is the difference between correlation and causation
Right Answer:
Correlation is a statistical measure that indicates the extent to which two variables fluctuate together, while causation implies that one variable directly affects or causes a change in another variable.
Ques:- What is regression analysis and when is it used
Right Answer:
Regression analysis is a statistical method used to examine the relationship between one dependent variable and one or more independent variables. It is used to predict outcomes, identify trends, and understand the strength of relationships in data.
Ques:- What is a hypothesis and how do you test it
Right Answer:
A hypothesis is a specific, testable prediction about the relationship between two or more variables. To test a hypothesis, you can use the following steps:

1. **Formulate the Hypothesis**: Clearly define the null hypothesis (no effect or relationship) and the alternative hypothesis (there is an effect or relationship).
2. **Collect Data**: Gather relevant data through experiments, surveys, or observational studies.
3. **Analyze Data**: Use statistical methods to analyze the data and determine if there is enough evidence to reject the null hypothesis.
4. **Draw Conclusions**: Based on the analysis, conclude whether the hypothesis is supported or not, and report the findings.
Ques:- What is data normalization and why is it important
Right Answer:
Data normalization is the process of organizing data in a database to reduce redundancy and improve data integrity. It involves structuring the data into tables and defining relationships between them. Normalization is important because it helps eliminate duplicate data, ensures data consistency, and makes it easier to maintain and update the database.
Ques:- What is data analysis in market research
Right Answer:
Data analysis in market research is the process of systematically examining and interpreting data collected from surveys, focus groups, or other sources to identify trends, patterns, and insights that inform business decisions and strategies.
Ques:- What tools are commonly used for market research
Right Answer:
Common tools used for market research include surveys (like SurveyMonkey), focus groups, interviews, Google Trends, social media analytics, and data analysis software (like SPSS or Tableau).
Ques:- What is a questionnaire and how do you design one effectively
Right Answer:
A questionnaire is a set of written questions used to gather information from respondents. To design one effectively, follow these steps:

1. Define the objective: Clearly outline what information you want to gather.
2. Identify the target audience: Know who will be answering the questions.
3. Choose the question type: Use a mix of open-ended and closed-ended questions.
4. Keep it concise: Limit the number of questions to avoid respondent fatigue.
5. Use clear and simple language: Ensure questions are easy to understand.
6. Pilot test: Test the questionnaire with a small group to identify any issues.
7. Revise based on feedback: Make necessary adjustments before the final distribution.
Ques:- What is the difference between focus groups and interviews
Right Answer:
Focus groups involve a small group of people discussing a topic guided by a moderator, while interviews are one-on-one conversations between an interviewer and a participant.
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