Need Some Help For Aptitude? Quantinuum to the Rescue!

Quantinuum proved itself again when the whole of SIMSR was feeling depressed with the prospect of the coming placements. Most companies put students through an aptitude test, which tests the students for their quantative skills.


The topics of the problems asked in such tests are generally simple, but they require the students to be able to think, analyse and calculate on their feet. This was taken up by Quantinuum on the fateful day of 5th October’10, and we organised a very successful workshop on Quantitative ability.

The event was very simple. Few of the Quantinuum members, who have good knowledge and skills in the field of quants gave a session to the participants, and give them some basics of Time-distance-speed problems, number theory, ratio and proportion, and so on. The topics were divided between B.K.Chaitanya from PGDM finance, Gaurav Bhargava from PGDM finance, and Somyadutt from PGDM Marketing. They explained the concepts in a very simple and enjoyable manner. The participants of the workshop were able to recall their basics, and even asked some questions so that they could improve their speed and grasping power while solving the various problems.

Thus, the event was overall a good success. It was a very sincere effort put together by the Quantinuum team, and it really paid off. We hope that we will be able to meet all of your needs in the future as well. With the response we have achieved, we feel encouraged to conduct more such workshops.

If you have enjoyed the event, and if you would like to have more such sessions on other topics, we would love to know from you. It helps us as well, since we are able to delve deeper into the depths of a subject which we dearly love. We wish that with this event, we were able to help you appreciate the subtle beauty of quants.

That’s it from us this month folks. The next time, watch out this space for the reviews on the monthly event QUANTIZ, a general knowledge based quiz competition - spiced with numbers of course!

Posted by Anindita Chatterjee, Member @ Quantinuum

Quantinuum Monthly Meet on 31st August’10

The Quantinuum monthly meet that was held on 31st August brought plenty of pleasant surprises to all. A variety of events were held, and these once again helped people to gain some much needed relief from the stress of the past few weeks. At the same time, it provided some good insights on the usually hated quants to the audience.

Sudoku

An extremely innovative and a completely different format of the Sudoku was organised. The students had to use a lot of their quantitative and analytical skills. However, it proved to be a tough challenge, because not everybody could solve it completely. Cash prizes were awarded to the students who managed to solve most of the challenge.

Knowledge sharing session

Gaurav kumar Agarwal - KT session

There was an extremely interesting session, which was given by Gaurav Kumar Agarwal from 1st Year PG. The session was on the Duckworth Louis Method in ODIs. It was very well appreciated by all. His interactive style, and simple explanations impressed all those who were present, and everyone were able to appreciate the science of the Duckworth Louis Method. Now, if India loses in a match with another team due to this, people will finally be able to understand why!

E-Tambola

The week after the gruelling mid terms, when everyone were tired, and needed some excitement, found a wonderful gift from Quantinuum. An innovative idea for Tambola, called E-tambola was organised. We received an overwhelming response – more than a 100 people registered for the online game. Over a span of few weeks, the team sent a list of 10 questions to the participants at a pre-declared time. The participants of the game had to find the numbers for the day by solving the questions. The questions were very simple, and provided the participants a really interesting and a new way to play the game. The winners of the smaller prizes like “Early 5” and “Min-max” were declared immediately, on a first come first serve basis. The final round of the game was held in the monthly event, when numbers were drawn randomly, and the remaining winners were declared. But the biggest winners were Piyush Kohli (PGDM HR) and Mohit Handa (PGDM Finance), who walked away with a total of Rs 400 and Rs 250 each.

Conclusion

The meeting was concluded with a speech from our mentor, Prof. Nilakanthan. He gave a very motivational speech to the listeners, and encouraged people with some interesting ideas for events, which they would like to participate in. One very special idea from the professor himself was developing a fun acronym for Quantinuum, where each letter of the word must have the name of some quantitative technique. Overall, the event was very successful, and provided people with an evening full of enjoyment.

By - Anindita Chatterjee, Quantinuum member



30th July'10 – First Monthly event of 2010-11

The new academic year received a very good and an overwhelming response from the new batch of 2010-12. The fresh batch, which mostly constituted of professionals with more than 2 years of experience were able to relate very deeply with Quantinnum. We received a huge response from them, and recruitment of new members to the team is in progress.

30th July'10 saw a very promising beginning for Quantinnum. The event was launched with a speech from our mentor – Professor Nilakantan. He also advised the students about the importance of Quantative methods in various areas of business. There was a quiz organised after this enlightening speech, and we received an overwhelming response from our juniors. 13 teams, each comprising of 2 members were formed. The quiz started of with a Qualifying round. Teams which qualified in this round were then further tested on their business knowledge  in a special business quiz.

First Prize Winners

In the Qualifying round, the participants were asked several interesting questions which tested the participants of their basic quantitative knowledge and application skills. 5 teams qualified in this round and competed in the business quiz. The questions were very diverse, and the students were tested of their basic general knowledge of the world of business. The questions varied from some basic GK questions, to identifying the logos of companies, identifying some famous personalities, and finding the connection between pictures. In all, it was a very interesting and a fun event, which was enjoyed by everyone.

Second prize Winners

The competition was very close. Even after such tricky rounds, there were 3 teams which were locked in a tie. These teams were asked 5 additional questions in a nail biting tie breaker round, and the final winners were then declared. The winners thus, had won only by a few differences in the overall points, which added to the thrill of the event. The first prize was won by Harshit Anjaria and Pranit P.Ghosh from PGDM A and the second place was bagged by Devesh Dutt and Ankit Varma, also from PGDM A. The triumphant prize winners were given cash prizes of Rs 150 and Rs 100 respectively. The event gave all the other students a motivation to participate in more events, and add more laurels to their list of achievements. It helped us to move a few more steps ahead in our mission – which is to spread the knowledge of quantative techniques, and to generate an interest in it among everyone.

Following the Quiz was a knowledge sharing session by Tarun Sethi from PGDM A. Tarun captivated the audience with a very enthralling session where he shared some of the sutras in Vedic mathematics that help us simplify complex calculations. These methods are extremely easy, and very useful, especially in daily life. For example, you may often have to divide or multiply 2 or 3 digit numbers sometimes when you go to a restaurant with a group of friends, and need to split up the bill among yourselves. These methods really prove useful at such times.

We will be back with more updates. Watch out for our next news letter – we promise to give you more.

Posted by - Anindita Chatterjee, Member - Quantinuum

Quantinuum Newsletters

Hi,

Do check out some of our exciting newsletters here! We hope that you enjoy them. Enjoy these fun filled PDFs full of interesting facts and puzzles on a cool rainy afternoon or a lazy evening and treat yourself to a great time!

Quantinuum Newsletter Issue - 1
https://docs.google.com/leaf?id=0B7LyQFEc0YvLZTNmZDFlY2YtOTdiOS00YWZlLTkzMzAtN2NiNWFmYWI1OWU4&hl=en

Quantinuum Newsletter Issue - 2

https://docs.google.com/leaf?id=0B7LyQFEc0YvLZWVlYzFjNjUtOGQ4Ni00ZTk5LTkxNTgtZGMwNTI5OGJmYWY1&hl=en

Quantinuum Newsletter Issue - 3
https://docs.google.com/leaf?id=0B7LyQFEc0YvLZDgzYmI1ZDktNjhhNS00NWEzLTg5NTItOGM1ZWM0NzQ5ZDNi&hl=en

Quantinuum Newsletter Issue - 4
https://docs.google.com/leaf?id=0B7LyQFEc0YvLN2E3Y2E3YzMtNzMzYi00ZjdlLWEyZjEtNzJiZjBmOGZkZTNj&hl=en

Warm regards,

Quantinuum

Posted by : Anindita Chatterjee, Quantinuum member

The Power of Six Sigma - By Quantinuum member Anindita Chatterjee posted on The Roar

Hi,

Here is the link to the article that was published by The Roar.

http://www.theroar.in/business/the-power-of-six-sigma

Hope you guys enjoyed it :D

Warm Regards - Quantinuum

"why, sometimes I've believed as many as 6 impossible things before breakfast" said the White Queen

The first thought that struck me when I glanced at the morning paper - What is betting all about really? Is there a mathematical formula that can garuntee a win??

Probability theory says p = n/N, where p is the probability of an event to occur, n is the number of times that it can occur, and N is the number of trials, or total number of events that can occur.

Now lets consider the event of drawing a particular number "x" from a given set of N numbers. Probability that you will draw "x" is p=1/N , given ofcourse that the N numbers are all different with no repetitions.

The larger N gets, the lower is the probability of drawing "x". Conversely, the probability of NOT drawing "x" (lets call it p') gets higher. For example, if N=100, p' = 99/100 % or 99%. And if N=100000, p'=99.999%

So we can conclude here that the most sensible thing would be to call p as probability that the drawn number will be within a subset of N. It is winning within a number of consecutive drawings.

So here, we can say that the median of these drawings M = 1-(1-p)^N, and here, the median would represent the degree of certainity of winning. If N = 692, degree of certainity (DC) = 49.96% (close to 50%)

Following this , we can conclude that
N =[ log(1-DC)]/log(1-p)
So, if u know that the probability of a win is p, and you are willing to take chances on a degree of certainity of x%, then by using the formula you will be able to calculate the number of consecutive trials.
If Dc=1, it will lead to a mathematical error. From here, we can see that to expect a degree of certainity of 1 (or 100% certainity that the event will surely occur) is absurd.

Nothing comes with absolute certainty, but to a degree of certainty! That's mathematics, and that's the only TRUTH

P.S - The title of this article is a line from Lewis Carroll's famous classic - "Through the Looking glass".

- Posted by Anindita Chatterjee (Quantinuum member)

Cash discounts - rediscovered!!

A busy week at SIMSR, with the mid terms on and everyone reluctantly turning to books at a time like this. I was studying accounts when i googled a question our professor had put to us in class, and I stumbled on this article. It talks about the rational for determining cash discount percentage and period. An interesting article. Hope it helps you :)

http://www.studyfinance.com/jfsd/pdffiles/v11n2/borde.pdf

- Posted by Anindita Chatterjee (Quantinuum member)