Assistant Trader Interview Questions

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Similar to question about coins however it was about beads that were then not replaced. So For example there are 6 $10 chips in Urn A and 6 $1 Chips. 3 $10 chips in Urn B and 9 $1 chips. Given that the chip picked is $10, what is the probability of picking a $10 chip again and what is the estimated value of this pick.
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Assistant Trader

Interviewed at Jane Street

4.4
Jul 15, 2015

Similar to question about coins however it was about beads that were then not replaced. So For example there are 6 $10 chips in Urn A and 6 $1 Chips. 3 $10 chips in Urn B and 9 $1 chips. Given that the chip picked is $10, what is the probability of picking a $10 chip again and what is the estimated value of this pick.

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