Basic probability questions
Trader Trainee Interview Questions
8,659 trader trainee interview questions shared by candidates
You roll a 100 sided die and can choose to receive in dollar value the face of the die or to re roll for an additional dollar. You can play as many times as you like. What is the best strategy.
They asked a couple of concepts they care a lot about is conditional probability and strategies for games, as well as expected value.
Calculating expectations of dice rolls, making bets on games
Lots of team and individual games revolving around probability, both of known and unknown variables. Lots of testing on Bayesian probability.
Question 1 : We play a game with coins. Player 1 wins if HHT is before HTT. Player 2 wins if HTT is before HHT. Which one is more likely to win ? I choose to bet on HHH. Is there a 3-sequence that beat it ? Question 2 : 2 players : you (player 1) and an other player (player 2). You select a number between 1 and 100 and the one that tells the bigger number has to pay the lower number to the other player. The player 2 says a random number between 1 and 100. What is the optimal strategy ? A third player comes in the game. Now the bigger number has to pay to the 2 other players the number that each one has told. We suppose that the third player is smart. Which strategy to beat him ?
is a game fair? is a solution optimal?
General probability and statistics questions
Probability questions of various types.
Confidence interval of probability it will rain on a weekend
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