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Difficulty: Medium
Category: Probability & Statistics
Practice quant interview questions from top firms including Jane Street, Citadel, Two Sigma, DE Shaw, and other leading quantitative finance companies.
Topics: probability, hashing, birthday-problem, estimation
You are evaluating the security of a new trading system that uses a hash function to generate unique identifiers for orders. The hash function outputs $n$ bits. Approximately how many hashes must you compute to have a 50% probability of finding a collision (i.e., two different orders with the same hash)?
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