Draws to beat a hidden uniform
Let , and independently let be i.i.d. Define , the first index whose draw exceeds . Compute (enter if it is infinite).
Show hints (2)+
- Given , is Geometric with mean .
- Average: - does it converge?
Answer
Reveal answer →Final answer
-1
Create a free account to see the full worked solution and track your progress.
Interview format: Market Maker, Systematic & Data-Driven Trading