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You have two decks of cards: a 52 card deck (26 black, 26 red) and a 26 card deck (13 black, 13 red). You randomly draw two cards and win if both are the same color. Which deck would you prefer? What if the 26 card deck was randomly drawn from the 52 card deck? Which deck would you prefer then?
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Quantitative Researcher

Interviewed at Jane Street

4.4★
Nov 12, 2015

You have two decks of cards: a 52 card deck (26 black, 26 red) and a 26 card deck (13 black, 13 red). You randomly draw two cards and win if both are the same color. Which deck would you prefer? What if the 26 card deck was randomly drawn from the 52 card deck? Which deck would you prefer then?

a deck of pokers. Three choices: A: 26 black, 26 Red; B: 13 black, 13 Red; C: random 26 card from the deck. Take the first two cards, if same color, the win $1, otherwise lose $1. Which deck is best for you if you are playing? Why? How to do simulations? How to draw the random pile of 26 cards?
avatar

Quantitative Research

Interviewed at Jane Street

4.4★
Oct 1, 2012

a deck of pokers. Three choices: A: 26 black, 26 Red; B: 13 black, 13 Red; C: random 26 card from the deck. Take the first two cards, if same color, the win $1, otherwise lose $1. Which deck is best for you if you are playing? Why? How to do simulations? How to draw the random pile of 26 cards?

Interesting question: From a deck of 52 cards pick 26 at random. From this set of 26 you pick two cards. You win if the both of these cards are of the same color. Is this a game you would prefer over one in which you win by picking two (first two picks) of the same color at random from a deck of 26 with equal number of black and red cards
avatar

Quantitative Researcher

Interviewed at Jane Street

4.4★
Oct 24, 2014

Interesting question: From a deck of 52 cards pick 26 at random. From this set of 26 you pick two cards. You win if the both of these cards are of the same color. Is this a game you would prefer over one in which you win by picking two (first two picks) of the same color at random from a deck of 26 with equal number of black and red cards

You throw 1000 darts. Each one has a 50% chance to score. For the first 500 darts each is worth 1 point, for the second 500 darts each is worth 3 points. If you score 1500 points. Most likely how many 3point darts have you scored.
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Quantitative Researcher

Interviewed at Jane Street

4.4★
Aug 9, 2013

You throw 1000 darts. Each one has a 50% chance to score. For the first 500 darts each is worth 1 point, for the second 500 darts each is worth 3 points. If you score 1500 points. Most likely how many 3point darts have you scored.

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