The unusual question Goldman Sachs is asking in 2024 job interviews
Goldman Sachs' quant strats team has been known to ask some rather unusual questions during job interviews. Questions can be as simple as dice game probabilities, or as obtuse as this question involving lions and steak. The firm might have a new favorite question in 2024, however.
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According to interviews logged on Glassdoor, a repeated question among quantitative analysts is the following:
"A line of 100 passengers is waiting to board a plane. Each holds a ticket to a specific seat. The first passenger to board is drunk, and sits in a random seat. The rest of the passengers are sober, and will sit in their proper seat unless it is occupied; in that instance, they will randomly choose a free seat. What is the likelihood that the final passenger to board sits in their allocated seat?"
The question isn't new, and you may have come across it before in previous interviews. Think you know how to answer it?
Leave it in the comments below, and don't cheat. 🤨
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The answer is a 50% chance.
The solution lies in breaking the problem down to its simplest form and working up... same as most of these kinds of questions.
At 2 passengers, there's a 50% chance the drunk passenger picks the correct seat, and so a 50% chance the last passenger will sit in the correct seat.
At 3 passengers, there's an equal probability of him sitting in his own seat, or the last passenger's seat, so they cancel each other out. If he sits in the second passenger's seat, there's a 50% chance that passenger will go on to sit in the drunkard's seat or the last passenger's.
This logic continues the longer the line is, meaning there will always be a 50% chance the final passenger is correctly seated.
Let us know your method of working, or your different answer, if you got one.
If you're looking for other questions to cut your teeth on, here are other questions quants have said they were asked in Goldman Sachs job interviews:
- "127 pirates stand in a circle. They start shooting alternately in a cycle such that the 1st pirate shoots the 2nd, the 3rd shoots the 4th and so on. The pirates who got shot are eliminated from the game. They continue in circles, shooting the next standing pirate, till only one pirate is left. Which position should someone stand to survive?"
- "You have a bag with 100 identical golf balls in it. Each ball is labelled by a number between 1 and 100 (no duplicates). By paying $1 per draw, you can pick one ball from the bag. Then you can either stop, and you will be paid an amount in $ equivalent to the number on the ball, or you can reinsert the ball in the bag and extract again. What is the optimal strategy to maximize the gain?"
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