Guesstimation

How to answer guesstimation questions

A lot of people ask how to answer guesstimation questions. At the time of the interview, you will not get much time to answer guesstimates. So, the interviewer expects that you are good with numbers. The most important thing you must understand is that the interviewer is not looking for a correct answer. They are looking for the closest value to the actual estimate, and they might ask you how you found that value.

The best way to prepare for guesstimation questions is as follows:

1. Study the company business where you're going to interview. For example, suppose they are a taxi service provider like Uber. In that case, they are more likely to ask you guesstimates related to taxi services, such as the number of cars on the road, number of taxi passengers in a day, number of car accidents, and so on. Once you clearly understand the business, move on to the second step.

2. Search on Google for an approximate value of the population the company targets and round off that value. For example, after searching on Google, you get an estimated 1.32 million, then round it to 1 million.

3. After this step, start making segments. The ...