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Maverick Derivatives gave INR 1.5 crore at one of the IITs for their Amsterdam office during campus Placement Here is a question they asked in their test Consider a random permutation of the numbers 1,2,…,1000. Let A be the number of integers in the same position as before and B be the number of integers in a different position. What is the Variance of the quantity (B-A)? Solution - image attached below 100K Sale- 25% off on all our Products, Use the Coupon Code "100K25" to get 25% off ➡ Kickstart your Quant Interview Prep ↗ ‘Interview Byte’ contains 500+ Interview questions (https://lnkd.in/gkqcrrKf) ↗ Quant Insider Project Handbook has 15 industry-oriented projects, which include 10 industry-oriented projects based on challenges conducted by Top HFT's and Hedge Funds. (https://lnkd.in/gWBEn78U) ↗ Check out Quant Insider Stack - https://lnkd.in/gcfdUEfg A Bundle of Interview Byte and Project Handbook Quant Insider Career Catalyst is your guide to all interview prep tips, preparation roadmap and job application strategies (https://lnkd.in/gVhA4tNG) Resume Review - You will learn to make a tailored resume for the Job Description, effective use of keywords, and bullet points to create an impactful resume. We will be working on giving the best shape to your resume for your dream Quant role. https://lnkd.in/gi6yznXa ------------------------------------------------------------------------------------ Machine Learning for Finance course- Designed by Industry Veterans Hariom Tatsat, CQF, FRM with years of working at Wallstreet - https://lnkd.in/gtJDWcus Use Coupon code - "EARLYBIRD20" for 20% off on the ML for Finance course -------------------------------------------------------------------------------- Also check "𝐐𝐔𝐀𝐍𝐓𝐈𝐓𝐀𝐓𝐈𝐕𝐄 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐞𝐫 𝐒𝐭𝐫𝐚𝐭 -𝐓𝐇𝐄 𝐏𝐑𝐎𝐅𝐄𝐒𝐒𝐈𝐎𝐍" Course, taught by Andrey Chirikhin 𝐂𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐋𝐢𝐧𝐤 𝐭𝐨 𝐄𝐧𝐫𝐨𝐥𝐥 𝐢𝐧 𝐭𝐡𝐞 𝐂𝐨𝐮𝐫𝐬𝐞 𝐍𝐨𝐰 - https://lnkd.in/gikuMSRg Use Coupon Code -"partner25" to get 25% off on the Course We have 𝐒𝐩𝐞𝐜𝐢𝐚𝐥 𝐩𝐫𝐢𝐜𝐞 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐬𝐭𝐮𝐝𝐞𝐧𝐭𝐬- £𝟏𝟒𝟗 To get the course at £𝟏𝟒𝟗, you just need to register on the Website with your University Email ID and you will receive the Coupon For more quant finance memes follow us on Instagram - Quant Insider (https://lnkd.in/gfjc4hBu)
The variance question is a great example of how quantitative finance combines probability and advanced mathematics to solve real-world problems.
That's a tricky one 🤓
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Pretty decent question, should be do-able for any serious quant that's done some interview practice.