Suppose you roll a die and earn whatever face you get. What is the expected return? Now suppose you have a chance to roll a second die. If you roll, you forfeit your earnings from the first round. When should you roll the second time?
Interview question asked to Data Scientists interviewing at Convoy, ServiceNow, Binance and others: Suppose you roll a die and earn whatever face you get. What is the expected return? Now suppose you have a chance to roll a second die. If you roll, you forfeit your earnings from the first round. When should you roll the second time?.