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Jane Street Interview Question

Jane StreetTrading Interview

If I had 4 coins and I flipped them and you get paid $1 for every head, what is the expectation of earnings? If I then said you had a magic wand and you could use it to tap on an even number of coins to flip them again, what would your expectation of earnings be? (i.e. you could either flip 2 or 4 coins).

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