Dataford
Interview QuestionsInterview GuidesExperiencesMock InterviewsPricing
Get started

Pricing a Simple Die Contract

EasyStatistics & Probability00:00
Practice interviewer
In session
5 left
00:00

Your question is Pricing a Simple Die Contract. Take a moment with it on the right.

Talk me through your thinking if you like. When you're confident, submit your answer and I'll grade it like a real screen (7/10 or better passes).

You need to log in / sign up to chat or submit.

Problem

Scenario

You are evaluating a one-roll contract tied to a fair six-sided die. The contract pays you $100 if the die lands on an even number, and costs you $50 if it lands on an odd number.

Question

How would you price a contract that pays out $100 if a rolled die lands on an even number, but costs you $50 if it lands on an odd number?