Assistant Interview Questions

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You own land that may or may not have oil underneath. If it does have oil it is worth 100k (20% prob), if it doesn't it is worth 30k. What is the expected value of the land? How much would you sell a contract for this land with a strike of 40k?
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Assistant Trader

Interviewed at Susquehanna International Group

3.8
Mar 29, 2011

You own land that may or may not have oil underneath. If it does have oil it is worth 100k (20% prob), if it doesn't it is worth 30k. What is the expected value of the land? How much would you sell a contract for this land with a strike of 40k?

You dip a cube into paint and pull it out. Then you cut it into a 27 sub-cubes and put them in a bag. If you randomly pick a sub-cube out the bag and roll it on the table, what is the probability that no paint is visible?
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Assistant Trader

Interviewed at Jane Street

4.4
Jan 27, 2012

You dip a cube into paint and pull it out. Then you cut it into a 27 sub-cubes and put them in a bag. If you randomly pick a sub-cube out the bag and roll it on the table, what is the probability that no paint is visible?

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