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Unfair coin with P(H) = 1/3 and P(T) = 2/3. a) How to make an event with 50% probability? b) Expected number of flips until a realization occurs? c) Can you create a strategy to reduce the number of flips necessary? d) Can you create a strategy to reduce the number of flips necessary for an unfair coin with any bias?
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Interviewed at Jane Street

4.4
Apr 1, 2012

Unfair coin with P(H) = 1/3 and P(T) = 2/3. a) How to make an event with 50% probability? b) Expected number of flips until a realization occurs? c) Can you create a strategy to reduce the number of flips necessary? d) Can you create a strategy to reduce the number of flips necessary for an unfair coin with any bias?

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