Determine Probability of Single Ride on Following Day
Company: Lyft
Role: Data Scientist
Category: Statistics & Math
Difficulty: easy
Interview Round: Technical Screen
##### Scenario
Pricing experiment: each new rider is offered two rides on day-1; each ride price is reasonable with independent probability P.
##### Question
Calculate the probability that a rider will take exactly one ride the next day. Calculate the probability that the rider becomes a permanent rider (rides every day after the trial).
##### Hints
Model the three price-response outcomes and use probability trees or a Markov chain.
Quick Answer: This question evaluates a candidate's understanding of basic probability and binomial/Bernoulli reasoning for independent events in the Statistics & Math domain.