Credit Suisse Interview Question for Analysts


Country: India
Interview Type: In-Person




Comment hidden because of low score. Click to expand.
0
of 0 vote

If I understand correctly, the expected pay is just the expected distance of the maximum of the 2 throws. To find the probability distribution of the maximum, it's easier to start from the CumulativeDistributionFunction, which is just a product of 2 identical probabilities, because the shots are independent.
I understand that the the distribution is uniform over the circle, and NOT over the distance from origin alone, so the CDF is simply :

P(max{r1,r2} < R) = P(r1 < R) * P(r2 < R) = [P(r1 < R)]^2 = [Area(r-Circle)/Area(unit-circle)]^2 = [r^2]^2 = r^4

so p(r) = ∂rP(r) = 4r^3

and <pay> = <max> = E[r] = ∫r∙4r^3dr = 4/5 = 0.8

- Elad December 14, 2013 | Flag Reply
Comment hidden because of low score. Click to expand.
0
of 0 vote

Let the distances from center at which the darts lend be random variables X_1 and X_2. They are independent and uniformly distributed over [0,1].
F(r)=P[max{X_1, X_2}<r]= P[X_1<r]*P[X_2<r]
= r*r
= r^2
Expected Value= integration of survival function(1-F(r))
E=integral 0 to 1 (1-r^2)dr
E=2/3

- Ved Prakash October 30, 2014 | Flag Reply
Comment hidden because of low score. Click to expand.
0
of 0 vote

(Assume all throws fall inside a circle with radius r = 1)

With uniform probability, all darts can fall anywhere on the area of the unit circle with the same probability. I’d like to think of the problem as a monte-carlo integration problem. After 1000s of simulations (dart throws), if we split the area of the circle in two equal half, with an inner circle of radius e (where intuitively r > e > 0.5r), e would be the expected, average payoff.

A = PI * r^2
0.5 A = PI * e^2
r = 1
e = sqrt(0.5) = 0.707107

- AingeruKatua May 20, 2015 | Flag Reply
Comment hidden because of low score. Click to expand.
0
of 0 vote

(Assume all throws fall inside a circle with radius r = 1.)

With uniform probability, all darts can fall anywhere on the area of the unit circle with the same probability. I’d like to think of the problem as a monte-carlo integration problem. After 1000s of simulations (dart throws), if we split the area of the circle in two equal half, with an inner circle of radius e (where intuitively r > e > 0.5r), e would be the expected, average payoff.

A = PI * r^2
0.5 A = PI * e^2
r = 1
e = sqrt(0.5) = 0.707107

- AingeruKatua May 20, 2015 | Flag Reply
Comment hidden because of low score. Click to expand.
0
of 0 vote

(Assume all throws fall inside a circle with radius r = 1)

With uniform probability, all darts can fall anywhere on the area of the unit circle with the same probability. Think of the problem as a monte-carlo integration problem, where after 1000s of simulations (dart throws). We can split the area of the circle in two equal halfs using a concentric inner circle of radius e (where intuitively r > e > 0.5r). In this case, e would be the expected average payoff.

A = PI * r^2
0.5 A = PI * e^2
r = 1
e = sqrt(0.5) = 0.707107

- AingeruKatua May 20, 2015 | Flag Reply


Add a Comment
Name:

Writing Code? Surround your code with {{{ and }}} to preserve whitespace.

Books

is a comprehensive book on getting a job at a top tech company, while focuses on dev interviews and does this for PMs.

Learn More

Videos

CareerCup's interview videos give you a real-life look at technical interviews. In these unscripted videos, watch how other candidates handle tough questions and how the interviewer thinks about their performance.

Learn More

Resume Review

Most engineers make critical mistakes on their resumes -- we can fix your resume with our custom resume review service. And, we use fellow engineers as our resume reviewers, so you can be sure that we "get" what you're saying.

Learn More

Mock Interviews

Our Mock Interviews will be conducted "in character" just like a real interview, and can focus on whatever topics you want. All our interviewers have worked for Microsoft, Google or Amazon, you know you'll get a true-to-life experience.

Learn More