Compute probability with colored balls draws
Company: Virtu Financial
Role: Data Scientist
Category: Statistics & Math
Difficulty: medium
Interview Round: Technical Screen
##### Question
You have 5 red, 5 blue, and 5 green balls in a bag. You draw balls one at a time without replacement, but each time you draw a green ball you return it to the bag. You keep any red or blue balls drawn. When you have three balls in hand, what is the probability that at least two of them are red? Follow-up: If instead the bag initially contains 10 red balls (with the same 5 blue and 5 green), what is the probability that at least two of the three balls held are red?
Quick Answer: This interview question evaluates statistical assumptions, formulas, estimation strategy, uncertainty, edge cases, and interpretation in a realistic interview setting. A strong answer for Compute probability with colored balls draws states assumptions, handles edge cases, explains trade-offs, and shows how to validate the result clearly.