There was once a college that offered a class on probability applied to the real world. The class was relatively easy, but there was a catch. There were no homework assignments or tests, but there was a final exam that would have only one question on it. When everyone received the test paper it was a blank sheet of paper with a solitary question on it: 'What is the risk?'.Most students were able to pass, but only one student received 100% for the class! Even stranger was that he only wrote down one word!
What did he write?

I have holes on the top and bottom. I have holes on my left and on my right. And I have holes in the middle, yet I still hold water. What am I?

If Japan and Panama decided to merge into a single country, probably people will name it Japanama.

Can you think of two more such country's unions that could produce similar names like Japanama by overlapping their three letters?

Analyze and find the missing item in the sequence:
16, 06, 68, 88, __, 98

What has a ring but no finger?

After teaching his class all about Roman numerals (X = 10, IX=9 and so on) the teacher asked his class to draw a single continuous line and turn IX into 6. The teacher's only stipulation was that the pen could not be lifted from the paper until the line was complete.

Can you make a six-letter word using the letters N, A and B ?

Suppose we lay down two cups in front of you. One of the cups is filled with tea and the other one with coffee. Now we ask you to take a spoonful of tea and mix it with the coffee. At this moment, the coffee cup has a mixture of tea and coffee. You have to take that mixture (spoonful) and add it back to the tea.

Can you now tell if the cup of coffee has more tea or the cup of tea has more coffee?

Use the numbers 2, 3, 4 and 5 and the symbols + and = to make a true equation. Conditions: Each must be used exactly once and no other numbers or symbols can be used.

Two men play a dice game involving roll of two standard dice. Man X says that a 12 will be rolled first. Man Y says that two consecutive 7s will be rolled first. The men keep rolling until one of them wins.

What is the probability that X will win ?