Expected Value of Max of Two Uniforms - Quant Trader Interview Question
Difficulty: Medium
Category: Probability & Statistics
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Topics: probability, expected-value, uniform-distribution, mental-math
Problem Description
Suppose you independently draw two random numbers, $X$ and $Y$, from a uniform distribution between 0 and 1. What is the expected value of the maximum of these two numbers, i.e., $Emax(X, Y)$?
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