QUANTITATIVE PROFICIENCY TEST
WORLDQUANT UNIVERSITY UPDATED
2024 WITH COMPLETE SOLUTION
COMPREHENSIVE STUDY GUIDE 2026
QUESTIONS WITH VERIFIED ANSWERS
GRADED A+
⩥ Hundredths. Answer: 5% 5/100 or .05 are all the same in hundredths
⩥ Tenths. Answer: 3/10 or .3 or 30% notice the decimal in in the tenth
place
⩥ 5% of a class of 40 students get an A equals how many students?.
Answer: 5/100 * 40/1= 200/100 or 2 (students)
⩥ What if you have a % in your decimal like .003% ?. Answer: Take the
number & write it over 100 to make a fraction- .003/100
⩥ The Three basic uses of percentages. Answer: 1. A portion of
something; to express a fraction of a total or a ratio. 2. How something, a
value, has changed or is different. 3. A compared value or comparison of
two different numbers.
, (Percentages are always a comparison; either of the total, a previous
value or 1 out of 2 values to some standard value which signifies 100%
which is the standard value always goes in the denominator)
⩥ Appropriate uses of percentages. Answer: 1. To describe change ie.
population growth, rising price, pay comparisons. 2. To describe a
fraction of the total (work force). 3. To compare the performance or cost
of products.
⩥ Common abuses of percentages. Answer: 1. Shifting reference values
(percentages fail if you don't have a standard & that standard must be
constant or already known) 2. less than nothing, 2. Don't average
percentages unless both tests happen to have the exact same number of
questions.
⩥ Absolute Change Describing a Change in a value. Answer: describes
the actual increase or decrease from a reference value to a (new) smaller
or larger value.
Absolute change=NV - RV new value minus the reference value
(reference value is always the previous value, or, the New value minus
the old, or new value-reference value
⩥ Absolute Change for Comparisons of two different vaues. Answer: the
actual difference between the compared value and the reference value.
Absolute difference = compared value - reference value. AD=CV-RV
WORLDQUANT UNIVERSITY UPDATED
2024 WITH COMPLETE SOLUTION
COMPREHENSIVE STUDY GUIDE 2026
QUESTIONS WITH VERIFIED ANSWERS
GRADED A+
⩥ Hundredths. Answer: 5% 5/100 or .05 are all the same in hundredths
⩥ Tenths. Answer: 3/10 or .3 or 30% notice the decimal in in the tenth
place
⩥ 5% of a class of 40 students get an A equals how many students?.
Answer: 5/100 * 40/1= 200/100 or 2 (students)
⩥ What if you have a % in your decimal like .003% ?. Answer: Take the
number & write it over 100 to make a fraction- .003/100
⩥ The Three basic uses of percentages. Answer: 1. A portion of
something; to express a fraction of a total or a ratio. 2. How something, a
value, has changed or is different. 3. A compared value or comparison of
two different numbers.
, (Percentages are always a comparison; either of the total, a previous
value or 1 out of 2 values to some standard value which signifies 100%
which is the standard value always goes in the denominator)
⩥ Appropriate uses of percentages. Answer: 1. To describe change ie.
population growth, rising price, pay comparisons. 2. To describe a
fraction of the total (work force). 3. To compare the performance or cost
of products.
⩥ Common abuses of percentages. Answer: 1. Shifting reference values
(percentages fail if you don't have a standard & that standard must be
constant or already known) 2. less than nothing, 2. Don't average
percentages unless both tests happen to have the exact same number of
questions.
⩥ Absolute Change Describing a Change in a value. Answer: describes
the actual increase or decrease from a reference value to a (new) smaller
or larger value.
Absolute change=NV - RV new value minus the reference value
(reference value is always the previous value, or, the New value minus
the old, or new value-reference value
⩥ Absolute Change for Comparisons of two different vaues. Answer: the
actual difference between the compared value and the reference value.
Absolute difference = compared value - reference value. AD=CV-RV
