Optiver–styleTraderTraderQuestion #8
What is the expected value of a card drawn at random from a standard deck of cards, where J=11, Q=12, K=13? Then, what would this expected value become if the value of all hearts cards is doubled?
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State the assumptions, try a simple case, then work toward a general solution. Check the result and explain how it changes if an assumption changes.
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More Optiver–Style Trader Questions
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