sales and trading summer analyst interview questions shared by candidates
You are playing a game where the player gets to draw the number 1-100 out of hat, replace and redraw as many times as they want, with their final number being how many dollars they win from the game. Each "redraw" costs an extra $1. How much would you charge someone to play this game?
redraw 10 times and get the payoff around 77?
the average draw will pay out $50.50
This wasn't difficult, but it's the only specific question I can remember. You're playing basketball and you're down by 2. You know you can hit a 2-pointer to tie the game with 28% probability, and then go on to win the game in overtime with 50% probability. Alternatively, you know you can hit a 3-pointer and win with 15% probability. Which do you take?
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