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Jane Street Interview Question

Jane StreetQuantitative Trader Intern Interview

Suppose you have two urns that are indistinguishable from the outside. One of the urns contains 3 one-dollar coins and 7 ten-dollar coins. The other urn contains 5 one-dollar coins and 5 ten-dollar coins. Suppose you choose an urn at random and draw a coin from it at random. You find that it is a $10 coin. Now you are given the option to draw again (without replacing the first coin) from either the same urn or the other urn. Should you draw from the same urn or switch

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