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FRIDAY'S KILLER QUESTION: Should you be closer to the edge or the centre?

Every Friday we'll be posting challenging and cryptic questions for you to answer, provided for us by 7city Learning. Post your answers in the comments box at the bottom of the page. Maximum kudos will be provided to the person who provides the correct answer first.

We'll add the correct answer to the bottom of this article on Monday afternoon.

You have a square and a random variable that picks a random point on the square with a uniform distribution. What is the probability that a randomly selected point is closer to the center that to the edge.

Answer:

Many people will think that the required probability is the same as the probability of landing in the circle with diameter half the side of the square. But his is not the case. The line separating closer to centre from closer to edge is a parabola. The answer is

7Cityformula2

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AUTHOR7cityLearning Insider Comment
  • Sa
    Sarah, Editor, eFinancialCaree
    24 November 2010

    - 7city have updated their formula. The correct version is now posted in the article above.

  • Kj
    Kjata
    24 November 2010

    Havocs answer is correct, I got the same answer later. His method is also more elegant than the one used.

  • Sa
    Sarah, Editor, eFinancialCaree
    23 November 2010

    @havoc - I'm waiting to hear from them. Will chase later.

  • ha
    havoc
    23 November 2010

    @Sarah, any chance of 7city owning up to their obvious mistake and posting the correct answer?

  • Ni
    Niv
    23 November 2010

    Many thanks @Havoc

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The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.