{"id":8047,"date":"2018-09-13T06:00:11","date_gmt":"2018-09-13T00:30:11","guid":{"rendered":"http:\/\/ivyproschool.com\/blog\/?p=8047"},"modified":"2024-09-06T17:05:34","modified_gmt":"2024-09-06T11:35:34","slug":"how-to-solve-guesstimates-for-your-next-analytics-interview-part-1","status":"publish","type":"post","link":"https:\/\/ivyproschool.com\/blog\/how-to-solve-guesstimates-for-your-next-analytics-interview-part-1\/","title":{"rendered":"How to Solve Guesstimate Questions in an Interview"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"8047\" class=\"elementor elementor-8047\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"has_ma_el_bg_slider elementor-section elementor-top-section elementor-element elementor-element-eb75534 elementor-section-boxed elementor-section-height-default elementor-section-height-default jltma-glass-effect-no\" data-id=\"eb75534\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"has_ma_el_bg_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1ed89b3 jltma-glass-effect-no\" data-id=\"1ed89b3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0ff25ef jltma-glass-effect-no elementor-widget elementor-widget-image\" data-id=\"0ff25ef\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"540\" src=\"https:\/\/ivyproschool.com\/blog\/wp-content\/uploads\/2018\/09\/first.jpg\" class=\"attachment-large size-large wp-image-11883\" alt=\"How to Solve Guesstimates Questions in an Interview\" srcset=\"https:\/\/ivyproschool.com\/blog\/wp-content\/uploads\/2018\/09\/first.jpg 960w, https:\/\/ivyproschool.com\/blog\/wp-content\/uploads\/2018\/09\/first-300x169.jpg 300w, https:\/\/ivyproschool.com\/blog\/wp-content\/uploads\/2018\/09\/first-150x84.jpg 150w, https:\/\/ivyproschool.com\/blog\/wp-content\/uploads\/2018\/09\/first-768x432.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_ma_el_bg_slider elementor-section elementor-top-section elementor-element elementor-element-4ec9d09 elementor-section-boxed elementor-section-height-default elementor-section-height-default jltma-glass-effect-no\" data-id=\"4ec9d09\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"has_ma_el_bg_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-cf4bdf2 jltma-glass-effect-no\" data-id=\"cf4bdf2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-db9f608 jltma-glass-effect-no elementor-widget elementor-widget-text-editor\" data-id=\"db9f608\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>Solving guesstimates can be tricky. Not only do you have to rely on unknown data and assumptions, but you also have to come up with an answer in a pressurizing situation such as an interview.\u00a0<\/p><p>Guesstimate questions are common in interviews, especially if you are appearing for data analytics, consulting, or management roles. And you need a good command of analytical skills and creativity to solve these problems.\u00a0<\/p><p>In this post, we have explained <b>how to solve guesstimate questions<\/b> with an example. We have also shared some expert tips and suggested books so that you thrive in the interview.<\/p><p>But first, let\u2019s understand\u2026<\/p><p>\u00a0<\/p><h2><b>What is a Guesstimate?<\/b><\/h2><p>A guesstimate is basically a calculated guess. When solving a guesstimate, you make an estimation based on your own logical reasoning.\u00a0<\/p><p>GUESSTIMATE= GUESSWORK + ESTIMATION<\/p><p>So, it\u2019s not about throwing a random number. Successful guesstimates involve breaking down a big question into smaller, solvable chunks.<\/p><p>For example, an interviewer might ask, \u201cHow many deliveries does Zomato make in a day in Delhi?\u201d\u00a0<\/p><p>You won\u2019t find the exact answer in a textbook. Instead, you will need to estimate the population of Delhi, what percentage of them order from Zomato in a day, and how many times they order. You will also need to do some quick mental math to arrive at a reasonable figure.<\/p><p>The key here lies in demonstrating structured thinking. Even if your final answer isn\u2019t 100% accurate, interviewers want to see how you approach the problem and justify your assumptions.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_ma_el_bg_slider elementor-section elementor-top-section elementor-element elementor-element-3e4a018 elementor-section-boxed elementor-section-height-default elementor-section-height-default jltma-glass-effect-no\" data-id=\"3e4a018\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"has_ma_el_bg_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e5f189b jltma-glass-effect-no\" data-id=\"e5f189b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5f89f7e elementor-aspect-ratio-169 jltma-glass-effect-no elementor-widget elementor-widget-video\" data-id=\"5f89f7e\" data-element_type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/www.youtube.com\\\/watch?v=1_GP1tZscXs&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;,&quot;aspect_ratio&quot;:&quot;169&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-wrapper elementor-fit-aspect-ratio elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_ma_el_bg_slider elementor-section elementor-top-section elementor-element elementor-element-47f526e elementor-section-boxed elementor-section-height-default elementor-section-height-default jltma-glass-effect-no\" data-id=\"47f526e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"has_ma_el_bg_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-737747b jltma-glass-effect-no\" data-id=\"737747b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ecde741 jltma-glass-effect-no elementor-widget elementor-widget-text-editor\" data-id=\"ecde741\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>Here are some of the things the interviewer checks when you solve a guesstimate question:<\/p><ul><li aria-level=\"1\">How structured is your approach?<\/li><li aria-level=\"1\">How comfortable are you with numbers?<\/li><li aria-level=\"1\">Can you make logical assumptions under pressure?<\/li><li aria-level=\"1\">Can you do mental calculations and validate the magnitude of numbers?<\/li><li aria-level=\"1\">Can you explain your process clearly, even if the path is a bit messy?<\/li><\/ul><p>That said, now let\u2019s see a good approach to crack guesstimates and thrive in your interviews.<\/p><p>\u00a0<\/p><h2><b>How to Solve Guesstimate Questions: 4 Simple Steps<\/b><\/h2>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_ma_el_bg_slider elementor-section elementor-top-section elementor-element elementor-element-becd4a0 elementor-section-boxed elementor-section-height-default elementor-section-height-default jltma-glass-effect-no\" data-id=\"becd4a0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"has_ma_el_bg_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b11d9f7 jltma-glass-effect-no\" data-id=\"b11d9f7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-aaf89e8 elementor-aspect-ratio-169 jltma-glass-effect-no elementor-widget elementor-widget-video\" data-id=\"aaf89e8\" data-element_type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/www.youtube.com\\\/watch?v=oUvBKuFSAgE&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;,&quot;aspect_ratio&quot;:&quot;169&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-wrapper elementor-fit-aspect-ratio elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_ma_el_bg_slider elementor-section elementor-top-section elementor-element elementor-element-128dabb elementor-section-boxed elementor-section-height-default elementor-section-height-default jltma-glass-effect-no\" data-id=\"128dabb\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"has_ma_el_bg_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-957414a jltma-glass-effect-no\" data-id=\"957414a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-799e729 jltma-glass-effect-no elementor-widget elementor-widget-text-editor\" data-id=\"799e729\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<h3><b>1. Clarify the Question<\/b><\/h3><p>Whenever you are asked a guesstimate, the first thing you have to do is calm yourself and ensure you completely understand the question.<\/p><p>You can ask clarifying questions to the interviewer. For example, if asked, \u201cHow many phones are used in India?\u201d you should know:<\/p><ul><li aria-level=\"1\">Are we talking about active phones in use or every phone ever sold?<\/li><li aria-level=\"1\">Are we talking about simple feature phones or just smartphones?<\/li><li aria-level=\"1\">Are we interested in a specific region or the whole country?<\/li><\/ul><h3>\u00a0<\/h3><h3><b>2. Break Down the Problem<\/b><\/h3><p>A guesstimate can be scary if you see the problem as a whole. But when you break it down, it gets a lot easier. So, divide the problem into 2-3 parts based on the different factors that influence the answer. To continue our smartphone example, you could break it down into:<\/p><ul><li aria-level=\"1\">Population of India<\/li><li aria-level=\"1\">Percentage of people who likely own a smartphone (age groups, rural\/urban divide)<\/li><\/ul><h3>\u00a0<\/h3><h3><b>3. Solve Each Piece<\/b><\/h3><p>Now, you can estimate each piece of your puzzle. Make reasonable assumptions based on your general knowledge. You might not know the exact population of India, but you likely know it\u2019s over a billion. You can round the numbers to make better estimates.<\/p><h3>\u00a0<\/h3><h3><b>4. Calculate<\/b><\/h3><p>Finally, put your pieces together. You will have to do some mental math to arrive at your final estimate. Remember, the goal isn\u2019t necessarily a perfect number \u2013 it\u2019s about showing your thought process and how you arrive at a reasonable conclusion.<\/p><p>\u00a0<\/p><h2><b>An Example to Understand How to Approach Guesstimates<\/b><\/h2>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_ma_el_bg_slider elementor-section elementor-top-section elementor-element elementor-element-6b50af2 elementor-section-boxed elementor-section-height-default elementor-section-height-default jltma-glass-effect-no\" data-id=\"6b50af2\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"has_ma_el_bg_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-31377c4 jltma-glass-effect-no\" data-id=\"31377c4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-16b2b0f jltma-glass-effect-no elementor-widget elementor-widget-image\" data-id=\"16b2b0f\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"540\" src=\"https:\/\/ivyproschool.com\/blog\/wp-content\/uploads\/2018\/09\/3rd.jpg\" class=\"attachment-large size-large wp-image-11885\" alt=\"An example of guesstimate question for data analyst roles: How many cups of tea are consumed in Delhi in a day?\" srcset=\"https:\/\/ivyproschool.com\/blog\/wp-content\/uploads\/2018\/09\/3rd.jpg 960w, https:\/\/ivyproschool.com\/blog\/wp-content\/uploads\/2018\/09\/3rd-300x169.jpg 300w, https:\/\/ivyproschool.com\/blog\/wp-content\/uploads\/2018\/09\/3rd-150x84.jpg 150w, https:\/\/ivyproschool.com\/blog\/wp-content\/uploads\/2018\/09\/3rd-768x432.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_ma_el_bg_slider elementor-section elementor-top-section elementor-element elementor-element-a98cec8 elementor-section-boxed elementor-section-height-default elementor-section-height-default jltma-glass-effect-no\" data-id=\"a98cec8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"has_ma_el_bg_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9f663ad jltma-glass-effect-no\" data-id=\"9f663ad\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bb36324 jltma-glass-effect-no elementor-widget elementor-widget-text-editor\" data-id=\"bb36324\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>Let\u2019s take an example guesstimate question for data analyst roles: <b>How many cups of tea are consumed in Delhi in a day?<\/b><\/p><p>Here\u2019s how you can solve it using the above 4 steps:<\/p><p>1. Clarify the question if you don\u2019t understand it. Since this one is simple and self-explanatory, you can proceed with the second step.<\/p><p>2. Break down the problem into manageable parts- what\u2019s the population of Delhi, how many of them drink tea, and how many cups of tea do they drink in a day.<\/p><p>3. Now, you solve each piece of the puzzle.<\/p><p><b>Population of Delhi (x):<\/b> Delhi has a big population, let\u2019s say around 3 crores.\u00a0<\/p><p><b>People who drink tea (y):<\/b> Tea is one of the most popular beverages in north India. So, we can expect at least 70% of people would drink it.<\/p><p><b>Number of cups a person drinks in a day (z): <\/b>Indians generally consume tea twice a day- one in the morning and one in the evening. Some may drink more than 2 cups, some may drink only one. So let\u2019s say it\u2019s, on average, 2 cups.<\/p><p>4. Now, in the final step, you combine all the pieces of the puzzle:<\/p><p>Total number of cups of tea consumed in Delhi in a day:<\/p><p>= x.(y\/100).z = (30,000,000).(0.7).(2) = 42,000,000<\/p><p>So our guesstimate is that Delhiwalas consume around 4.2 crore cups of tea in a day!<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_ma_el_bg_slider elementor-section elementor-top-section elementor-element elementor-element-f76943d elementor-section-boxed elementor-section-height-default elementor-section-height-default jltma-glass-effect-no\" data-id=\"f76943d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"has_ma_el_bg_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9e657d9 jltma-glass-effect-no\" data-id=\"9e657d9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0ac6e7f elementor-aspect-ratio-169 jltma-glass-effect-no elementor-widget elementor-widget-video\" data-id=\"0ac6e7f\" data-element_type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/www.youtube.com\\\/watch?v=a1Bkoyw6frE&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;,&quot;aspect_ratio&quot;:&quot;169&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-wrapper elementor-fit-aspect-ratio elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_ma_el_bg_slider elementor-section elementor-top-section elementor-element elementor-element-800d4bd elementor-section-boxed elementor-section-height-default elementor-section-height-default jltma-glass-effect-no\" data-id=\"800d4bd\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"has_ma_el_bg_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8ff15f6 jltma-glass-effect-no\" data-id=\"8ff15f6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c096dac jltma-glass-effect-no elementor-widget elementor-widget-text-editor\" data-id=\"c096dac\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<h2><b>3 Tips to Solve Guesstimate Questions<\/b><\/h2><p>The above <b>guesstimate interview question<\/b> was an easy one. You need a lot of practice to get better at it. The good thing is you don\u2019t have to be naturally talented to do it, you can learn. So, here are some tips that will help you solve guesstimate questions:<\/p><p>\u00a0<\/p><h3><b>1. Have a Flexible Framework<\/b><\/h3><p>You don\u2019t need a rigid formula but a mental checklist to guide you. A simple framework could be: clarify the question, break down the problem, estimate components, and calculate. This step-by-step approach makes sure you address all aspects of the question and prevents you from getting overwhelmed or jumping to conclusions too quickly.<\/p><p>\u00a0<\/p><h3><b>2. Know some Common Figures<\/b><\/h3><p>Knowing some basic demographics and statistics will speed up your calculations. For example, if you roughly know the population of major Indian cities, you can start estimating things like market size or potential customer base in certain regions. It\u2019s okay to round and use general figures, but having a few key numbers gives your estimations a solid starting point.<\/p><p>\u00a0<\/p><h3><b>3. Show Your Creativity and Problem-Solving Skills<\/b><\/h3><p><b>Guesstimate interview questions<\/b> are all about creativity and problem-solving. Instead of focusing on getting to \u201cthe right answer,\u201d impress your interviewer with unique angles and approaches.\u00a0<\/p><p>Can you tie the question to recent market trends or news? Can you think of an unconventional way to estimate a certain factor? Creative problem-solving would surely impress the interviewer.<\/p><p>\u00a0<\/p><h2><b>Read these Books to be Confident at Guesstimate Interview Questions<\/b><\/h2><p>If you want to deep dive into solving guesstimates, you can study these books:<\/p><ul><li aria-level=\"1\"><a href=\"https:\/\/amzn.to\/2MDSTLO\">Cracking the PM interview<\/a> \u2014 Gayle Laakmann McDowell, Jackie Bavaro<\/li><li aria-level=\"1\"><a href=\"https:\/\/amzn.to\/2WoIGqG\">Superforecasting: The Art and Science of Prediction<\/a> \u2014 Philip E. Tetlock<\/li><\/ul>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_ma_el_bg_slider elementor-section elementor-top-section elementor-element elementor-element-38ac21b elementor-section-boxed elementor-section-height-default elementor-section-height-default jltma-glass-effect-no\" data-id=\"38ac21b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"has_ma_el_bg_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-760818e jltma-glass-effect-no\" data-id=\"760818e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-52764d5 jltma-glass-effect-no elementor-widget elementor-widget-image\" data-id=\"52764d5\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/ivyproschool.com\/?utm_source=organic&#038;utm_campaign=blog&#038;utm_term=%7Bkeyword%7D\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"540\" src=\"https:\/\/ivyproschool.com\/blog\/wp-content\/uploads\/2018\/09\/4th.jpg\" class=\"attachment-large size-large wp-image-11886\" alt=\"If you want to know how to solve guesstimate questions and land high-paying jobs, you can attend Ivy Pro School\u2019s certification courses.\" srcset=\"https:\/\/ivyproschool.com\/blog\/wp-content\/uploads\/2018\/09\/4th.jpg 960w, https:\/\/ivyproschool.com\/blog\/wp-content\/uploads\/2018\/09\/4th-300x169.jpg 300w, https:\/\/ivyproschool.com\/blog\/wp-content\/uploads\/2018\/09\/4th-150x84.jpg 150w, https:\/\/ivyproschool.com\/blog\/wp-content\/uploads\/2018\/09\/4th-768x432.jpg 768w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_ma_el_bg_slider elementor-section elementor-top-section elementor-element elementor-element-8fcec57 elementor-section-boxed elementor-section-height-default elementor-section-height-default jltma-glass-effect-no\" data-id=\"8fcec57\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"has_ma_el_bg_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-73e6ef4 jltma-glass-effect-no\" data-id=\"73e6ef4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2a4dc43 jltma-glass-effect-no elementor-widget elementor-widget-text-editor\" data-id=\"2a4dc43\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<h2><b>Learn How to Solve Guesstimates and Land Better Jobs<\/b><\/h2><p>If you want to crack interviews and land high-paying jobs, you can attend Ivy Pro School\u2019s certification courses in Data Analytics, Data Science, or Gen AI.<\/p><p>These online courses are taught by industry-experienced mentors from IIT, IIM, and companies like Google and Microsoft, so you can already guess the value of these online courses.<\/p><p>Ivy has been a top-ranked Data Science, Data Analytics, and AI upskilling provider since 2008. We\u2019ve over 26,000 alumni spread across 300+ organizations.\u00a0<\/p><p>You can also be one of our alumni and work in companies like Deloitte, Amazon, Samsung, etc. Visit this page to learn more about our <a href=\"https:\/\/ivyproschool.com\/?utm_source=organic&amp;utm_campaign=blog&amp;utm_term=%7Bkeyword%7D\">courses<\/a>.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Solving guesstimates can be tricky. Not only do you have to rely on unknown data and assumptions, but you also have to come up with an answer in a pressurizing situation such as an interview.\u00a0 Guesstimate questions are common in interviews, especially if you are appearing for data analytics, consulting, or management roles. And you need a good command of analytical skills and creativity to solve these problems.\u00a0 In this post, we have explained how to solve guesstimate questions with an example. We have also shared some expert tips and suggested books so that you thrive in the interview. But first, let\u2019s understand\u2026 \u00a0 What is a Guesstimate? A guesstimate is basically a calculated guess. When solving a guesstimate, you make an estimation based on your own logical reasoning.\u00a0 GUESSTIMATE= GUESSWORK + ESTIMATION So, it\u2019s not about throwing a random number. Successful guesstimates involve breaking down a big question into smaller, solvable chunks. For example, an interviewer might ask, \u201cHow many deliveries does Zomato make in a day in Delhi?\u201d\u00a0 You won\u2019t find the exact answer in a textbook. Instead, you will need to estimate the population of Delhi, what percentage of them order from Zomato in a day, and [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":11883,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[851,5,881,550,715,552],"tags":[56,76,230,467,115,504],"class_list":["post-8047","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-analytics","category-data-analytics","category-data-science","category-interview","category-machine-learning-ai","category-technology","tag-big-data-analytics","tag-business-analytics","tag-data-analytics","tag-data-science","tag-data-scientist","tag-machine-learning"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How to Solve Guesstimate Questions in an Interview<\/title>\n<meta name=\"description\" content=\"4 Simple steps to solve guesstimate questions in interviews: 1. Clarify the question 2. Break down the problem 3. Solve each piece 4. Calculate\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ivyproschool.com\/blog\/how-to-solve-guesstimates-for-your-next-analytics-interview-part-1\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Solve Guesstimate Questions in an Interview\" \/>\n<meta property=\"og:description\" content=\"4 Simple steps to solve guesstimate questions in interviews: 1. Clarify the question 2. Break down the problem 3. Solve each piece 4. 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