Optiver interview questions

13 questions reported at Optiver. Free questions show their statement below. Create a free account to unlock one gated question a day, or go Pro for all of them. Read the Optiver interview guide.

Twenty-Five Swimmers, Five Lanes

A swim coach must identify her three fastest athletes out of 25 25 , but the pool has only 5 5 lanes and the stopwatch is broken — each heat of 5 5 swimmers reveals only their finishing order, never times. Every swimmer performs identically in every heat. What is the minimum number of heats guaranteed to determine the fastest, second-fastest, and third-fastest swimmers?

Ten-All, Win by Two

A table-tennis game is tied 10 10 10 10 , and from here the winner is the first player to lead by two points. You win each point with probability 13 \frac{1}{3} and your opponent with probability 23 \frac{2}{3} , independently. What is the probability that you win the game?

The Better of Two Bids

Two contractors submit sealed bids for a job, each bid drawn independently and uniformly from [0,1] [0, 1] (in millions of dollars). The client always takes the higher bid. What is the expected value of the winning (higher) bid?