How to Solve Guesstimate Questions in Interviews: Estimate Market Size of Amazon Prime Video

*Like and comment to get a free mock interview/Resume Review*
**************Guesstimate Download Link**************
Guesstimate Book ► topmate.io/technomanagers/542739
************** Upcoming Webinar Live **************
Upcoming Webinar ► topmate.io/technomanagers
**************Resume Download Link**************
My IIM Bangalore Resume (Editable and Formatted) ► topmate.io/technomanagers/134868
**************Book Mock Interview Slot**************
My IIM Bangalore Resume (Editable and Formatted) ► topmate.io/technomanagers
Watch the solution for popular Guesstimate questions for placement by an IIM Bangalore & IIT Kanpur Alumni. Guesstimate questions are prevalent in consulting interviews, product management interviews,
business analyst interviews etc. We have an entire playlist of Guesstimate questions which you can watch from the channel page. This will help you in placement interview preparation. These guestimate questions are for Consulting, Product Management, and business analyst interviews.
The given guesstimate approach is one of the ways to solve the problem, there can be other ways to solve the same problem. This will help you in guesstimate case interviews.
************** Book a Slot with Me*****************************
Breaking into Product Management ► topmate.io/technomanagers/13040
Product Management Mock Interview ► topmate.io/technomanagers/13042
Resume Review ► topmate.io/technomanagers/13041
Breaking into Product Management ► topmate.io/technomanagers/13040
Career Guidance ► topmate.io/technomanagers/113875
Product Management Masterclass ► topmate.io/technomanagers/29961
************** Important Links for you **************
Product Management Question Bank ► technomanagers101.blogspot.com
Product Management Mock ► topmate.io/TechnoManagers
Medium ► / shailesh-sharma
Linkedin ► / shailesh-sharma
#placementpreparation #mbaplacements #consultinginterview #productmanagement

[@technomanagers]

Guesstimate Book ► topmate.io/technomanagers/542739

[@hinaymodi]

Hey, I made the payment but havent received any link as such. Please look into this.

[@technomanagers]

@@hinaymodi Hey can you send me the payment screenshot etc over email [e-mail]. If you have made the payment and not received book then will send you the book over email and also will forward the email to Topmate to look into this.

[@debashritapanda9484]

Thank you Sir. Please share Prod Man questions like RCA as well.

[@chiragraut6135]

Yes, Videos for product management interviews. Topics we need to focus on

[@VIJETAKUMARI-jw2ew]

Please make videos on Product Management and Consulting Interview

[@suchichoudhary4243]

can you please make video for success matrix

[@nehakuniyal4470]

hey please make video on how many diapers manufactured in india

[@pareshvigora6126]

Please cover the no of petrol pumps in metro city, your vids are amazing btw

[@technomanagers]

Hey have already created similar video, please checkout from playlist

[@monikanarang9903]

Hi, i would like you to answer the guesstimate of total number of golf balls in Delhi?

[@technomanagers]

I think you can also answer this question, paste your approach here, I will correct it if needed.

[@technomanagers]

My IIM Bangalore Resume (Editable and Formatted) ► topmate.io/technomanagers/134868

[@rockstar.17.]

Can you make a video for No. of tennis balls bought in India in a month?♥♥♥♥

[@technomanagers]

_On a very high level this is what I can think of_ -
*Number of balls bought* ≈ Urban population (%) * Age group (%) * Participation rate (%) * Play sessions/month * Balls/session * Players/urban area * Number of urban areas / Ball lifespan (months)

[@nirmaljoseph1402]

@technomanagers while the structure is clear, is there any science behind all the percentages you assumed when calculating the final sum? Won't the interviewer ask " how did you come to the conclusion that only 10% of users take the quarterly plan?"

[@technomanagers]

These are sensitive numbers based on observation / average / extrapolation from a small sample

[@ashishbisht232]

No of Burgers sold in a day

[@technomanagers]

I will tell you my approach but please paste here some idea of how you are thinking, I want you to think about it, it might happen that you are thinking in the correct direction.
Can you please put here the high-level approach?

[@ashishbisht232]

@@technomanagers yes i was first taking the rural abd and urban population bcz u don't find much outlets in rural area. After that I am taking the footfalls in a day. But not getting any precise conclusion

[@technomanagers]

@@ashishbisht232 To provide a relevant answer, I'll need you to share some additional information, like:
What type of establishment sells the burgers? (Fast food chain, restaurant, food truck, etc.)
What is the time frame you're interested in? (Day, week, month, year)
Are there any specific days or periods to consider? (Weekends, holidays, special promotions)
Do you have any data available? (Average number of customers, sales figures, etc.)
Once I have this information, I can break down the problem into smaller parts and use relevant data and assumptions to create a mathematical equation to estimate the number of burgers sold. *****Remember, the key to a good guesstimate is not the exact answer, but the logical and structured approach to reach it.******
For example, if you're asking about a specific McDonald's on a Saturday afternoon, we could consider:
The average number of customers per hour during peak times.
Percentage of customers ordering burgers.
Average number of burgers per order.
Length of peak hours.
With these assumptions, we could build an equation like this:
Number of burgers sold = Customers per hour * Peak hours * % ordering burgers * Burgers per order