Statistics Problems
Source: Problem prompts adapted from Ace the Data Science Interview — Chapter 6 Hard set (Huo & Singh). Model answers and explanations here are original for this course.
Fifteen advanced statistics interview questions, continuing from the easy and medium sets. A mix of compute (numeric-answer, checked) and derivation/definition questions (concept — write your answer in the text box; some require minWords / keyword vocabulary before the model answer unlocks).
Hints: several of these hinge on recognizing a moment generating function, a self-similar recurrence (condition on the first draw and get back on the right-hand side), or a symmetry argument that skips the algebra entirely.
You keep drawing i.i.d. values as long as the sequence stays strictly increasing (starting from the first draw). What is the expected length of the sequence?
Enter a number (at most 2 decimal places).