Interview Question for Analysts
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You play a dice rolling game, you have two choices:- liyiou April 24, 2012 in United States for Risk analysis
1. Roll the dice once and get rewarded the amount of $ equal to the outcome number (e.g, $3 for number "3") and stop the game;
2. You can reject the first reward according to its outcome and roll the dice the second time and get rewarded in the same way and stop the game.
Which strategy should you choose to maximize your reward? (that is what outcomes of the first roll should make you play the second game?)
What is the statistical expectation of reward if you choose that strategy?
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Country: United States
Interview Type: Phone Interview
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