Trader Trainee Interview Questions

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You have a standard deck of 52 cards. I draw a card and tell you I drew hearts. Now you draw a card from the cards that are remaining. What is the probability that you will also draw a heart? Again, you have a standard deck of 52 cards. I draw 13 cards and tell you I drew exactly 5 hearts. Now you draw 13 cards from the cards that are remaining. What is the expected number of hearts you will draw?
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Quantitative Trader

Interviewed at Jane Street

4.4
Oct 12, 2016

You have a standard deck of 52 cards. I draw a card and tell you I drew hearts. Now you draw a card from the cards that are remaining. What is the probability that you will also draw a heart? Again, you have a standard deck of 52 cards. I draw 13 cards and tell you I drew exactly 5 hearts. Now you draw 13 cards from the cards that are remaining. What is the expected number of hearts you will draw?

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