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1 million card applications. $1 per application cost to do employment verification. 96% pass verification and get a card. 4% fail and do not get cards. Given average profits on cardholders in good standing, and average losses on accounts that default, find the % of denied cardholders that would have to default in order to justify the $1 per application verification cost .
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IT Development Program

Interviewed at Capital One

Apr 3, 2012

1 million card applications. $1 per application cost to do employment verification. 96% pass verification and get a card. 4% fail and do not get cards. Given average profits on cardholders in good standing, and average losses on accounts that default, find the % of denied cardholders that would have to default in order to justify the $1 per application verification cost .

There are 9 identical looking balls, but one ball is slightly heavier than the others. If you have one scale, what is the least number of measurements one would need to identify for sure, which ball is the heavier one?
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Summer Explore Microsoft Program

Interviewed at Microsoft

4★
Apr 17, 2012

There are 9 identical looking balls, but one ball is slightly heavier than the others. If you have one scale, what is the least number of measurements one would need to identify for sure, which ball is the heavier one?

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