Derivatives Analyst Interview Questions

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You have 25 horses and a race track with 5 lanes. You wish to determine the 1st, 2nd, and 3rd place horses overall. Using only the comparative finishes in any given race, what is the least number of races you can have the horses run to make this determination.
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Institutional Equity Derivative Intern

Interviewed at Morgan Stanley

3.9
Apr 14, 2017

You have 25 horses and a race track with 5 lanes. You wish to determine the 1st, 2nd, and 3rd place horses overall. Using only the comparative finishes in any given race, what is the least number of races you can have the horses run to make this determination.

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