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Frequently Asked Questions

This collection focuses on probability and statistics questions involving playing cards, coin flips, and dice. These are among the most popular quant interview questions at trading firms because they test your ability to calculate probabilities, expected values, and conditional probabilities under pressure. Topics include card drawing sequences, fair coin games, biased coins, and combinatorial problems.

Start by clearly identifying what's being asked and what information you have. Break complex problems into smaller steps, and use fundamental probability rules systematically. For card and coin problems, drawing a tree diagram or writing out sample spaces can help. Practice starting with the easier questions in this collection before tackling the harder ones.

Very relevant. Trading firms frequently ask probability-based quant interview questions because probability is fundamental to pricing, risk management, and trading decisions. Cards and coins provide clean, well-defined problem spaces that reveal how candidates think about uncertainty and expected value—skills directly applicable to trading. Practicing these questions from your target firms will give you an edge in your interviews.