Logo

Question preview

First Ace

What this preview is

About this preview

First Ace is a medium quant interview question on probability.

Unlock full access to getcracked

Join to unlock this question, detailed solutions, and our complete library of quant finance interview prep.

What this expected-value interview question tests

This is a medium-difficulty probability question that asks you to find the expected value of a stopping time—in this case, the draw number at which you first encounter a target card. It's the kind of problem quant trading desks use to assess whether you can set up and solve expectation problems cleanly, without relying on heavy computation.

Solving it requires you to think carefully about the structure of the problem: how many cards remain in the deck, what the probability of drawing an Ace is at each step, and how to aggregate these probabilities into a single expectation. The key insight is often to avoid brute-force enumeration and instead use a more elegant counting or symmetry argument.

  • Expectation of a discrete random variable
  • Geometric-type waiting times and stopping rules
  • Symmetry and exchangeability arguments
  • Conditional expectation and recursion

Firms that ask questions like this

Bridgewater.